Bank of Brazil will change the Selic target from 14.25 percent

The Bank of Brazil will change the Selic target at the September 14-15, 2026 COPOM meeting, moving away from the 14.25 percent level set after the June 17 cut. COPOM entered a calibration cycle in March with cuts in March and April totaling 50 basis points and then cut again on June 17 as 94 of 112…