Central Banks

Brazil Central Bank Interest Rate Cuts are Nowhere in Sight, Ex-Officials Say

The Central Bank of Brazil headquarters in Brasilia. — The Central Bank of Brazil headquarters in Brasilia.
Photographer: Andressa Anholete/Bloomberg

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By Josue Leonel and Beatriz Reis

October 23, 2025 at 2:29 PM UTC

Brazil’s central bank could delay its long-awaited interest rate cuts further into 2026 given the institution is waging a solo fight against inflation, according to economists and former policymakers.

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