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Brazil Cuts Selic to 13.75% and Leaves Next Move Open
Vera
By Vera
Markets Editor
Brazil’s Central BankCentral Bank refers to the public monetary authority responsible for managing a currency system and implementing monetary policy. The term belongs in Level 7 because it helps co...Read More unanimously cut the Selic rate by 25 basis points to 13.75%, extending a gradual easing cycle that began in March. The fifth consecutive quarter-point reduction followed softer InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More, including a 0.32% monthly fall in the IPCA in August and a 4.22% annual rate. The Copom nevertheless retained cautious guidance, saying the total size of the calibration cycle will depend on new information as international VolatilityDefinition   Volatility describes the size and speed of price changes over time. A high-volatility market makes larger or faster moves, while a low-volatility market...Read More, domestic Fiscal PolicyFiscal Policy refers to the method by which governments adjust their levels of spending and taxation to directly influence the economy. The term belongs in Level 7 because it he...Read More and inflation risks remain elevated.
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