Brazil Central Bank Cuts Selic to 14.75%

Brazil's central bank cut the Selic benchmark rate by 25 basis points to 14.75% at its March 17‑18 meeting.
Monetary Policy Director Nilton David said the bank will keep a restrictive stance, citing inflation control and credit‑risk mitigation.
He noted signs of growth above potential, especially a strong labour market, while external factors like the Iran war dampen global GDP.
David added that inflation expectations affect the real economy, but the central bank’s framework remains insulated from political noise and volatility.