On Wednesday, Brazil’s Central Bank opted to maintain the benchmark Selic interest rate at 15 percent, ending a streak of seven consecutive hikes dat

Brazil's central bank held its benchmark interest rate steady on Wednesday, pausing an aggressive tightening cycle after seven consecutive hikes as widely expected after a signal last month that it would hold rates for a "very prolonged" period.

Brazil central bank’s strategy to keep interest rates high for a prolonged period will be put to the test by the 50% tariffs Donald Trump is expected to slap on the country as soon as this week.

Brazil’s Central Bank interrupts the cycle of Selic rate increases after seven hikes. The decision was influenced by falling inflation and signs of an economic slowdown.

Brazil's central bank held its benchmark interest rate steady on Wednesday, pausing an aggressive tightening cycle after seven consecutive hikes as widely expected, with U.S. tariffs adding to policymakers' heightened caution.

Brazil central bank is likely to keep its base Selic interest rate on hold at 15.% on July 30, keeping its tightest monetary stance.

Brazil's Central Bank on Wednesday held its benchmark interest rate steady at 15 percent, citing "uncertainty" as the United States announced punishing tariffs on the South American economic powerhouse.