LatinNews Daily - 30 April 2026

*The monetary policy committee (Copom) of Brazil’s central bank (BCB) has lowered the country’s benchmark interest rate to 14.50%, marking the second consecutive rate cut of 25 basis points. The latest Copom statement did not indicate whether there would be another rate cut in the committee’s next meeting in June. Instead, the Copom statement suggested that next steps would depend on the potential inflationary impacts of the conflict in the Middle East. Brazil’s annual inflation rate in March stood at 4.14%. The latest Copom forecasts show an annual inflation projection of 4.6% for 2026, which would be above the upper limit of the BCB’s inflation target range of 3.0% +/-1.5. Private sector analysts consulted by the BCB are even more pessimistic regarding the inflation outlook, with their latest forecasts showing a 4.86% annual rate for 2026.

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