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Brazil’s Central Bank maintains interest rate at 13.75% per annum for the fifth consecutive time

The Monetary Policy Committee (Copom) of the Central Bank decided on Wednesday, in its second meeting of the year, to maintain the Selic basic interest rate at 13.75 percent per annum, in line with financial market expectations.

It was the fifth consecutive meeting in which Copom kept the Selic unchanged after closing in September.

The cycle of Selic rate hikes was initiated in March 2021, when the Selic rate was at 2 percent per annum.

"The episodes that have affected banks in the United States and Europe have increased market uncertainty and volatility and require monitoring.

At the same . . .

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