Brazil Rate Cut Cycle Firm Despite War, Minutes Show

2026-03-25 - 12:10

Key Points — Brazil’s central bank released minutes from its March meeting showing it only debated whether to cut by 0.25 or 0.50 percentage points, never considering a pause in the easing cycle it began last week — Major banks including BTG Pactual, Itaú, and J.P. Morgan read the minutes as dovish, with several forecasting