Brazilian Interest Rate Decision 14.50%
The Brazilian central bank's decision to maintain interest rates at 14.50% signals a continued commitment to combat inflation, which is critical as this level is higher than many major economies.
BCB cuts 25bps to 14.50%, as expected; decision was unanimous and it affirms serenity and caution in the conduct of monetary policy
A surveillance drone near the US embassy in Baghdad has been shot down, according to Iraqi security sources
Brazilian Interest Rate Decision 14.50%
US President Trump told Israeli PM Netanyahu that Israel should only take surgical military action in Lebanon and avoid a full resumption of the war, Axios reports
Qualcomm (QCOM) exec. says the Co. will have a 20% share of Apple phones releasing in fall this year and no product relationship beyond that
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This stance might be seen as dovish relative to market expectations for potential cuts, suggesting that the bank is prioritizing stability over stimulus. Traders should monitor the implications for the BRL, particularly against major currencies, as well as any shift in sentiment about future rate paths.
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