Brazil's central bank, Copom, cut its benchmark interest rate by 50 basis points to 11.25%, signaling a continuation of the same-sized cuts in the next meetings. The decision was anticipated by all 44 economists surveyed by Reuters. The bank's governor indicated that by signaling further 50 basis point rate cuts ahead, policymakers envisaged keeping the strategy for the committee's next two meetings, aiming for half-percentage cuts through May, sustaining a robust easing cycle initiated in August.

Brazil's Central Bank Cuts Rates