Weekly Report - 25 September 2025 (WR-25-38)

BRAZIL | Interest rates to remain high for extended period. The monetary policy committee (Copom) of the central bank (BCB) published meeting minutes on 23 September which explained its decision a week earlier to hold the country’s benchmark interest rate (Selic) at 15.0%. This September decision marks the second meeting in which the Copom has maintained the Selic, and the latest minutes suggest that it will remain at this level for a “prolonged” period.