Brazil's Central Bank cut interest rates for the fifth consecutive time to 13.75% annually

The Central Bank of Brazil reduced its benchmark interest rate by 0.25 percentage points, bringing the annual rate to 13.75%. This move marks the fifth consecutive rate cut implemented by the institution since March. The policy decision occurred during the final stages of the national election campaign period.

Separately, the United States Federal Reserve announced an increase in its interest rates by a quarter of a percentage point, establishing a new range between 3.75% and 4%. This adjustment, driven by inflationary pressures, represents the first rate hike by the Federal Reserve since July 2023.