On September 16, local time, the Central Bank of Brazil lowered the benchmark interest rate to 13.75%, in line with expectations. Since interest rate cuts began in March, the cumulative decline has reached 125 basis points. This is the fifth time in a row that the Central Bank of Brazil has cut interest rates. The Bank of Brazil said in a statement that the current environment is highly uncertain, inflation expectations are off anchor, and at the same time, the benchmark scenario faces high risks, so monetary policy operations need to remain calm and cautious. The Committee will continue to monitor developments and keep monetary policy sufficiently restrictive to ensure that inflation returns to target levels.

On September 16, local time, the Central Bank of Brazil lowered the benchmark interest rate to 13.75%, in line with expectations. Since interest rate cuts began in March, the cumulative decline has reached 125 basis points. This is the fifth time in a row that the Central Bank of Brazil has cut interest rates. The Bank of Brazil said in a statement that the current environment is highly uncertain, inflation expectations are off anchor, and at the same time, the benchmark scenario faces high risks, so monetary policy operations need to remain calm and cautious. The Committee will continue to monitor developments and keep monetary policy sufficiently restrictive to ensure that inflation returns to target levels.