The Central Bank of Brazil leaves its benchmark Selic rate unchanged at 15%, as expected ...Middle East

Kept the benchmark Selic rate unchanged at 15.0% in a unanimous decision (in line with Reuters poll).

Said it will remain vigilant and assess whether keeping rates at the current level for a prolonged period is sufficient to bring inflation back to target.

Highlighted monitoring of U.S. tariff announcements affecting Brazil and domestic fiscal policy developments impacting monetary conditions and financial assets.

Emphasised that de-anchored expectations demand a significantly contractionary policy stance for an extended period.

Observed moderation in growth indicators as expected, but with continued strength in the labour market.

Concluded that risks to the inflation outlook remain elevated on both the upside and downside.

This article was written by Eamonn Sheridan at investinglive.com.

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