US EditionEconomic Progress Isn’t Enough for a Selic Cut, Says JP Morgan
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3 Articles
Economic Progress Isn’t Enough for a Selic Cut, Says JP Morgan
JP Morgan tells investors and global observers that Brazil’s central bank is not ready to relax. Despite months of slowing economic growth, the Selic rate stays firmly at 15%. The reason: inflation, especially in services, remains above the 3% target, currently exceeding 5% on an annual basis. Brazil’s central bank hiked rates heavily since late […]
The BC (Central Bank) maintained the Selic rate at 15% per year this Wednesday (September 17, 2025). The decision was unanimous and was expected by the financial market. This is the second time in a row that the Copom (Monetary Policy Committee) has maintained the benchmark interest rate at this level. At its July meeting, the monetary authority interrupted the cycle of Selic rate hikes, which began in September 2024 – almost a year ago. Here is…
Therefore, all eyes on the statement released on Wednesday should be on a section that says that, for the next meeting, Copom anticipates a “continuation of the interruption in the interest rate hike cycle.”
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