Weekly Report - 20 March 2025 (WR-25-11)

BRAZIL | Interest rate hike continues. The monetary policy committee (Copom) of Brazil’s central bank (BCB) decided on 19 March to raise the country’s benchmark interest rate (Selic) to 14.25%, an increase of 100 basis points from the previous Copom rate decision in January. This marks the third consecutive Copom meeting in which the Selic was increased by one percentage point. In its latest statement, Copom suggested that in its next meeting in May it might raise interest rates at a slower pace. But even if the Copom raises the Selic by only 25 or 50 basis points in May, Brazil’s benchmark interest rate will still be at its highest level since 2016.

End of preview - This article contains approximately 281 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial