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 th

Economy: Brasília Key Facts —Decision. The Copom, the rate-setting committee of Brazil’s central bank, cut the benchmark Selic rate by 0.25 percentage point to 14.00%. —Streak. It was the fourth straight quarter-point cut, bringing the total easing to one full point from a 15.00% peak. —Tone. Analysts read the statemen

The Reserve Bank of India has kept interest rates unchanged amid creeping inflation.

India central bank to stay on hold even as peers pivot to rate hikes  Reuters

"The longer that high inflation persists, the more challenging and costly it can be to bring it back down," said Beth Hammack, one of the dissenters.

The Tokyo consumer price index is considered a leading indicator for nationwide price trends.

The Federal Reserve voted to hold interest rates unchanged in a range of 3.5% to 3.75%, with some officials dissenting in favor of raising rates by a quarter percentage point. The vote was 9-3. Bloomberg's Michael McKee reports. (Source: Bloomberg)