Political Rifts and Rate Decisions: Brazil’s Central Bank at a Crossroads

(Analysis) Late one Wednesday evening, the Central Bank of Brazil subtly lowered the Selic rate from 10.75% to 10.50%. This modest adjustment, though minor, reveals deep political rifts within the bank’s leadership that reflect broader economic concerns. A clear divide exists among the nine directors. Five, appointed during former President Jair Bolsonaro’s term, supported a […]