Brazil’s central bank holds benchmark interest rate at 15.00%, as expected
- Decision was unanimous
- Expects an interruption of the tightening cycle
- Assessing the accumulated effects of the already implemented adjustment
- Will evaluate whether the current interest rate level, assuming it stable for a very prolonged period, will be enough to ensure the inflation convergence to target
- Committee will remain vigilant
- Future monetary policy steps can be adjusted
- Will not hesitate to resume the rate hiking cycle if appropriate
- Has been following the announcements regarding US tariffs with particular attention
