Economy
Central Bank halts rate cut cycle and keeps Selic at 13.75% per year
The Copom's unanimous decision ends a streak of five consecutive cuts, reflecting the monetary authority's caution amid rising fiscal uncertainties and projected inflation.
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The essentials of this story
- What happened
- The Central Bank interrupted the downward trajectory of the benchmark interest rate, keeping it at 13.75% per year.
- Who is affected
- The measure affects the cost of credit and household consumption, while also influencing inflation expectations and the exchange rate in the financial market.
- What changes
- The interruption of the cut cycle ends the expectation of an immediate reduction in interest rates, keeping monetary policy at a contractionary level.
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