The central bank (BCB) has held its final monetary policy committee meeting of 2025, in which it decided again to hold the country’s benchmark interest rate (Selic) at 15.0%. Although Brazil’s economic growth has been decelerating and the country’s annual inflation rate has fallen to within the target range of 3.0% +/-1.5, the BCB’s latest statement on interest rates has maintained its hawkish tone, giving no hints of rate cuts on the horizon, and reiterating that it would not hesitate to raise rates again if necessary.End of preview - This article contains approximately 715 words.
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