Brazil Cuts Rate Despite Faster Inflation, Resilient Economy 

Brazil’s central bank cut its key interest rate by a quarter point for the second straight meeting while signaling that more easing is not set in stone as policymakers grow increasingly wary of accelerating inflation.

Board members led by Gabriel Galipolo lowered the benchmark Selic to 14.5% late on Wednesday, as expected by all but one economist in a Bloomberg survey. In an unanimous decision, policymakers refrained from providing guidance on future moves but highlighted that both current inflation and consumer price expectations have been moving further above the 3% target.