Brazil's Monetary Policy Committee, known as Copom, voted unanimously on Wednesday to cut the Selic benchmark interest rate by 25 basis points, bringing it to 14.75% and delivering the country's first rate reduction since May 2024. The decision, announced on 18 March, ended a nine-month hold during which the Selic had been maintained at 15%. The committee described the move as the start of a cycle of monetary policy calibration, stressing serenity and caution as the Middle East conflict raised uncertainty.
NEXT MEETING
Copom will meet again in late April 2026.
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