Brazil central bank cuts rates for third straight meeting by 25 bps
BRASILIA - Brazil's central bank on Wednesday cut interest rates by 25 basis points for a third straight meeting, extending an easing cycle that has run into headwinds from an oil price shock and rising inflation expectations.
The bank's rate-setting committee, called Copom, unanimously voted to lower its benchmark Selic rate to 14.25%, a level last seen in May 2025, in line with forecasts from 41 of 45 economists polled by Reuters.
(Reporting by Marcela AyresEditing by Brad Haynes)
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This story was originally published June 17, 2026 at 3:10 PM.