Brazilian Selic Rate Reduced to 12.25% from 12.75%

The Central Bank of Brazil‘s Selic interest rate crested at 13.75% from August 2022 to August 2023 when an initial 50-basis point reduction was undertaken. During the pandemic the rate had been as low as 2.0% from August 2020 to March 2021. Following September’s second rate cut, today’s 50-basis point cut leaves the rate at […]