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LatinNews Daily - 11 December 2025
In brief: Brazil’s central bank holds interest rate for fourth time
*The monetary policy committee (Copom) of Brazil’s central bank (BCB) has held the country’s benchmark interest rate (Selic) at 15.0%. This marks the fourth consecutive meeting in which the Selic has been maintained at the same rate. In the latest Copom statement, the committee reiterated its hawkish stance and did not give any hint of a potential rate cut anytime soon. The maintenance of the high Selic rate comes despite a recent slowdown in annual inflation. The national statistics institute (Ibge) has released the official inflation figures for November, which showed a monthly inflation rate of 0.18% and an annual rate of 4.46%. The monthly rate for November marks an acceleration from 0.09% in October, but the annual rate is down from 4.68% in October. The annual inflation rate in November fell within the BCB’s target range of 3.0% +/-1.5.
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