【环球财经】巴西央行维持基准利率15% 并确认加息周期结束

Group 1 - The Central Bank of Brazil's Monetary Policy Committee (Copom) decided to maintain the benchmark interest rate Selic at 15% and confirmed the end of the current rate hike cycle, citing the need for a cautious stance in a highly uncertain economic environment [1] - The announcement emphasized that the monetary policy will be adjusted as necessary based on economic conditions, with a commitment to restart the adjustment cycle if needed to achieve the inflation target of 3%, with a tolerance of 1.5 percentage points [1] - The Central Bank's June report projected a 2025 inflation rate of 4.9%, but the market expects the actual rate to be higher, indicating potential challenges in achieving inflation targets [1] Group 2 - The Brazilian economy is showing resilience, with a tight labor market, but risks remain from fiscal deficits and exchange rate volatility, along with unanchored inflation targets [1] - The global economic slowdown, tariff barriers, and commodity price fluctuations could lead to imported deflation, posing additional challenges for the Brazilian economy [1] - The recent decision by the U.S. government to impose additional tariffs on certain Brazilian exports has raised concerns about its potential impact on domestic economic and financial market uncertainty, particularly regarding price levels and foreign trade structure [1][2]