By Nicholas G. Miller
Brazil's central bank cut interest rates for the second straight month as growth slows and the country's economy faces inflation headwinds from the conflict in the Middle East.
The bank's monetary committee, Copom, cut the Selic benchmark lending rate to 14.5% from 14.75%. The monetary authority indicated that its future rate decisions remain unclear given the uncertain impacts of the Iran war.
Copom said that it was affirming cautiousness so that "future steps of interest rate calibration can incorporate new information about the depth and duration of the conflicts in the Middle East, as well as their direct and indirect effects over time on the price level."
In March, Copom cut rates for the first time in nearly two years, but said that the conflict in the Middle East made its next move unclear.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
04-29-26 1803ET
