Brazil's Central Bank Explains Cautious Approach to Rate Cutting -- Market Talk

Dow Jones03-24

1037 ET - Brazil's central bank takes a cautious approach to the interest-rate cutting cycle launched last week, according to minutes published today. The BCB cut to 14.75% from 15%, frustrating expectations of faster easing. The minutes indicated "the magnitude of additional cuts and the depth of the cycle will be a function of data and the breadth and duration of war in the Middle East," Goldman Sachs' Alberto Ramos writes. The minutes leave the door open to a larger cut in April, but in Ramos' view "that may require an improvement in the external backdrop and limited impact on current inflation and inflation expectations." (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

March 24, 2026 10:37 ET (14:37 GMT)

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The minutes leave the door open to a larger cut in April, but in Ramos' view \"that may require an improvement in the external backdrop and limited impact on current inflation and inflation expectations.\" (paulo.trevisani@wsj.com; @ptrevisani) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 10:37 ET (14:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621409539","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621409539","pubTimestamp":1774363020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1037 ET - Brazil's central bank takes a cautious approach to the interest-rate cutting cycle launched last week, according to minutes published today. 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