ECONOMY
Central Bank halts rate cuts as inflation outlook darkens and the fiscal bill looms
Leftist militants urging lower interest rates: "Fewer bankers, more money for education." Photo: Rovena Rosa/EBC
The Central Bank halted its monetary easing cycle on Wednesday, holding the benchmark Selic rate at 13.75% in a unanimous decision. The Monetary Policy Committee (Copom) had trimmed 1.25 percentage points since March, but President Luiz Inácio Lula da Silva's re-election handed Brazilian stocks and currency their worst week since the Covid crisis.
Set beside September's minutes, the new statement reads like an itemized bill, with nearly every line costlier than two months ago…
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