The Central Bank of Brazil has lowered the benchmark interest rate to 14%.

On August 5 local time, the Central Bank of Brazil's Monetary Policy Committee announced a reduction of the benchmark interest rate to 14%. This marks the fourth consecutive interest rate cut by the Central Bank of Brazil, bringing it down to the lowest level in nearly a year. Despite renewed conflicts in the Middle East putting pressure on inflation in Brazil due to rising oil prices, the market anticipates that the rate cut cycle will continue, with expectations to lower it to 13.75% by the end of 2026.