(Image: REUTERS/Adriano Machado)
The Minister of Finance, Fernando Haddadsaid this Wednesday (18) that the 0.50 percentage point cut in the basic rate of Federal Reserve (Fed) came late, but should start a lasting cycle of cuts that should continue “without surprises” in 2025 and 2026 and that will provide domestic relief to Brazil.
Questioned by journalists at the Treasury about the 0.25 percentage point increase in the rate Selic by the Monetary Policy Committee (Copom), do Banco CentralHaddad said he was not surprised by the adjustment, but that he would not comment on it until he read the minutes of the meeting.