Brasília, Jan 28, 2026 (AFP) - Brazil's central bank holds interest rate at 15%

NAMPA / AFP

2026-01-29

Brazil's central bank on Wednesday kept its benchmark interest rate at 15% for the fifth time in a row as it worked to tamp down inflation in Latin America's largest economy. The decision by the Monetary Policy Committee (Copom) was made due to a "still uncertain external environment," the bank said in a statement. The rate, known as the Selic, remains at its highest level since July 2006 -- though the bank anticipated it would begin a "flexibi......

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