Core Points - The Central Bank of Brazil's Monetary Policy Committee (Copom) decided to maintain the benchmark interest rate (Selic) at 15%, with unanimous agreement among committee members [1] - The global economic environment remains uncertain due to factors such as U.S. economic policies, impacting financial markets, particularly in emerging economies [3] - Brazil's domestic economic conditions are characterized by expected volatility, higher-than-expected inflation, strong economic activity, and a robust labor market [3] - The Central Bank forecasts inflation rates of 4.8% and 4.3% for 2025 and 2026, respectively, and 3.4% for the first quarter of 2027, all exceeding the official target of keeping inflation below 3% [3] - As of August 2025, Brazil's year-on-year inflation rate was 5.13%, remaining above 5% since February 2025 [3] - The Central Bank will continue to monitor U.S. tariffs on Brazil and domestic fiscal policy developments, which may influence monetary policy and financial assets [5] - The current benchmark interest rate is at its highest level in nearly 20 years, with the next monetary policy meeting scheduled for early November [6]

货币政策委员会在声明中指出，受美国的经济政策和经济前景影响，全球环境仍然不确定。 因此，不同资产类别的行为和波动性受到影响，改变了全球金融状况。在地缘政治紧张局势 加剧的情况下，新兴市场经济体需要特别谨慎。 货币政策委员会认为，当前形势仍呈现预期动荡、通胀高于预期、经济活动韧性强劲及劳动 力市场承压等特征。为确保通胀在预期不稳定的环境下回归目标水平，需要在相当长一段时 间内实施显著紧缩的货币政策。因此，货币政策委员会决定暂停加息周期，将基准利率维持 在 15% 。 另外，声明提及，委员会继续关注美国对巴西征收关税的公告，以及国内财政政策的发展如 何影响货币政策和金融资产，从而在不确定性加剧的情况下加强其谨慎立场。 【导读】巴西央行连续 " 按兵不动 " ，维持基准利率 15% 不变 中国基金报记者 晨曦 一起关注海外央行最新动态。 当地时间 9 月 17 日，巴西中央银行货币政策委员会（ Copom ）宣布，将基准利率（ Selic ）维持在 15% 不变。此次维持基准利率不变的决定，获得了委员会成员的一致通过。 巴西央行此次维持基准利率不变，符合市场预期。对经济学家开展的调查显示，市场预期利 率将维持稳定至 ...