Copom reduces Selic rate by 0.25 percentage points, to 14.25% per year.

THE Monetary Policy Committee (Copom) of Central Bank (BC) Brazil's benchmark interest rate, the Selic, was reduced by 0.25 percentage points to 14.25% per year on Wednesday (17), as expected by most investors. This was the third consecutive cut of this magnitude. With this, the rate is 0.75 percentage points below the level observed in June of last year. The next Copom meeting is scheduled for August 4th and 5th.

This text was translated by machine from Brazilian Portuguese.