Brazil’s Central Bank cuts benchmark interest rate to 14%

The Monetary Policy Committee (Copom) of the Central Bank of Brazil on Wednesday (Aug. 5) cut the Selic rate - the Brazilian economy’s benchmark interest rate - by 0.25 percentage points, from 14.25 percent to 14 percent per year. The decision marks Copom’s fourth consecutive interest rate cut. The Central Bank uses the Selic rate as a monetary policy tool to slow economic activity and help control inflation. Notícias relacionadas: Brazil’s Central Bank tightens rules for virtual asset…