Brazil cuts benchmark rate to 14.5% in second consecutive cut
Central Bank reduces one of the world’s highest policy rates, a move that provides political momentum for President Luiz Inácio Lula da Silva as he seeks a fourth term.
On Wednesday Brazil’s Central Bank announced a second consecutive cut to its benchmark interest rate, lowering it to 14.5%. The reduction—among the highest policy rates globally—is seen as a political boost for left‑wing President Luiz Inácio Lula da Silva as he courts a fourth term.