Brazil

Brazil Cuts Interest Rate to 14.00%, Matching Expectations

Brazil's central bank lowered its benchmark Selic interest rate by 25 basis points to 14.00%, in line with market expectations, from the previous 14.25%.

Actual: 14.00%
Forecast: 14.00%
Previous: 14.25%
Brazil Cuts Interest Rates to 14.25%, Extending Monetary Easing Cycle

Brazil's central bank lowered its benchmark interest rate to 14.25%, matching market expectations and marking a reduction from the previous rate of 14.50%.
Brazil Retail Sales Fall Sharply, Missing Expectations in April

Brazil's retail sector weakened significantly in April, with sales falling more than expected on both a monthly and annual basis, signaling softer consumer demand in Latin America's largest economy.

Retail sales declined 1.5% month-over-month, well below expectations for a 0.6% decrease and reversing the 0.7% increase recorded in March. On an annual basis, retail sales rose just 1.0%, missing forecasts for 2.0% growth and slowing sharply from the previous month's 4.0% increase.
Brazil's industrial production increased 2.7% year-over-year in April, comfortably beating the 1.7% forecast, although growth slowed from 4.4% in March.
Brazil’s inflation pressures showed signs of accelerating in May, according to the latest IPC-Fipe data. The IPC-Fipe Inflation Index rose 0.45% month-over-month, up from 0.40% in April, indicating a modest pickup in consumer price growth.
Brazil’s economy delivered another solid quarter of growth in Q1, with GDP expanding 1.1% quarter over quarter, beating expectations of 1.0% and accelerating sharply from the previous 0.3% increase.

On an annual basis, GDP grew 1.8%, matching both forecasts and the prior reading. While year-over-year growth remained stable, the stronger quarterly figure suggests economic momentum improved significantly at the start of the year.
Brazil’s unemployment rate fell to 5.8% in April, beating expectations of 5.9% and improving from the previous 6.1%.
Brazilian retail sales rose 0.5% month-on-month in March, beating expectations for no growth, though slowing from February’s 0.7% increase.

On a yearly basis, retail sales jumped 4.0%, well above the 2.8% forecast and sharply stronger than the previous 0.4% gain.
Brazil’s inflation rate accelerated in April but came in slightly below expectations.

Consumer prices rose 4.39% year over year, compared with forecasts of 4.41% and the previous 4.14% reading.
Brazil industrial production rose 4.3% year-over-year in March, beating expectations of 3.5% and rebounding strongly from the previous -0.7% decline.
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07-10-25WS News