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Realistic illustration of Brazil's Central Bank building displaying the Selic rate cut to 14.5%, with newspaper headline and financial charts.
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Copom cuts Selic by 0.25 pp to 14.5% per year

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Brazil's Central Bank's Monetary Policy Committee (Copom) cut the Selic rate by 0.25 percentage points to 14.5% per year in a unanimous decision on Wednesday, April 29, 2026. The committee adopted a cautious tone due to inflationary risks and external uncertainties, particularly Middle East conflicts. Analysts had expected the move and condition further cuts on new data.

Banco de la República codirector César Giraldo said raising interest rates is no longer effective against current inflation, which is driven by external factors like oil and weather.

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Argentina's Central Bank purchased 35 million dollars in the latest session, lifting gross reserves to 45.951 billion dollars.

Brazil's Central Bank has classified documents related to the extrajudicial liquidation of Banco Master as secret for eight years, with public release set for November 2033. The decision follows internal norms and aims to preserve the country's financial, economic, and monetary stability. It responds to a request by Folha under the Access to Information Law.

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Brazil's Banco de Brasília (BRB) is considering accessing liquidity lines (LFL) from the Central Bank to address cash shortages from the Banco Master crisis. Anonymous sources say the bank is negotiating to use its credit portfolios as collateral, potentially unlocking R$ 300 million. This comes amid R$ 12.2 billion losses from fraudulent operations.

Argentina's Central Bank (BCRA) purchased US$146 million in the foreign exchange market, continuing an ongoing streak of more than 50 consecutive days of net buying and approaching 40% of its annual reserve accumulation target. Gross reserves closed at US$43.800 million.

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President Lee Jae Myung nominated Shin Hyun-song, an official at the Bank for International Settlements (BIS), as the new governor of the Bank of Korea (BOK) on Sunday. Shin will replace current Gov. Rhee Chang-yong at the end of his four-year term in April. The choice aims to balance price stability and economic growth amid global uncertainty from the Middle East crisis.

 

 

 

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