Finance Minister Fernando Haddad said Wednesday that the Federal Reserve’s 0.50 percentage point cut in the base rate came late but should start a long-lasting cycle of cuts that should continue “without surprises” in 2025 and 2026 and that will provide domestic relief to Brazil.
Asked by Treasury reporters about the 0.25 percentage point increase in the Selic rate by the Central Bank’s Monetary Policy Committee, Haddad said he was not surprised by the adjustment, but would not comment until he read the minutes of the meeting.
Source: Terra
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