PRO articleCurrencies

Brazilian Real Holds Steady Near R$5.12 as Copom Delivers Expected Rate Cut to 14.00%

Brazil’s central bank cut the Selic rate by 25 basis points to 14.00%, a move that was fully priced in, stabilizing USD/BRL.

By Sofia Marin

Published
Brazilian Real Holds Steady Near R$5.12 as Copom Delivers Expected Rate Cut to 14.00%
Illustration — BRZ.news

Brazil’s central bank cut the Selic rate by 25 basis points to 14.00%, a move that was fully priced in, stabilizing USD/BRL.

Loading subscriber access…