Brazil’s Central Bank Mulls Smaller Interest Rate Cuts Amid Economic Uncertainties
By
Rafael da Silva Gomes
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Brazil’s central bank is considering smaller interest rate cuts in light of heightened economic uncertainties and the requirement for greater monetary policy flexibility. The minutes from the March 19-20 rate-setting meeting revealed discussions among board members regarding the appropriateness of a slower pace of monetary easing in the future, following the recent lowering of the benchmark Selic to 10.75%. Spearheaded by Roberto Campos Neto, central bankers have been implementing 50 basis points interest rate reductions at each meeting since August.