Brazil’s Central Bank Keeps Interest Rates Unchanged

Brazil’s Committee on Monetary Policy (Copom) unanimously decided to keep the Selic rate at 10.50% per annum. Announced on July 31, 2024, this move shows continued caution amid external uncertainties and Brazil’s inflation concerns. The Selic rate, Brazil’s key interest rate, directly affects loan, financing, and investment costs. Its stability critically shapes the financial landscape, […]