The Brazilian Central Bank (BC) decided to maintain the basic interest rate, the Selic, at 13.75% per year this Wednesday (Oct. 26). The decision was unanimous and was expected by the financial market.
In September, the monetary authority interrupted a sequence of 12 consecutive interest rate hikes, the highest in the 21st century.
The rate has advanced 7.25 percentage points (p.p.) in 2021 and 4.5 p.p. this year, a total readjustment of 11.75 p.p. in the period.
On Wednesday (Oct. 26), the Copom (Monetary Policy Committee) opted not to change the level of . . .
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