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Brazil's Central Bank Holds Rates Steady Amid Inflation Concerns

12/11/2025

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Summary

Story summary

Brazil's central bank kept its key interest rate at 15% for the fourth consecutive meeting, citing high inflation expectations and economic uncertainty.
Policymakers led by Gabriel Galipolo emphasized caution as inflation forecasts remain above the 3% target through 2028.
Despite a 0.1% quarterly GDP rise, the bank signals a gradual path to rate cuts as analysts remain divided on timing.

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Story summary

Brazil's central bank kept its key interest rate at 15% for the fourth consecutive meeting, citing high inflation expectations and economic uncertainty.
Policymakers led by Gabriel Galipolo emphasized caution as inflation forecasts remain above the 3% target through 2028.
Despite a 0.1% quarterly GDP rise, the bank signals a gradual path to rate cuts as analysts remain divided on timing.