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Brazil Lowers Selic Rate Amid Fiscal Stimulus and El Niño Concerns
Brazil’s central bank interest rate-setting committee, Copom, unanimously voted to lower its benchmark Selic rate by 25 basis points to 14.25%, a level last seen in May 2025. However, concerns are growing about fiscal stimulus in an election year and the potential impact of El Niño on inflation.
18 Jun, 17:53 — 18 Jun, 17:53
