Interest Rates Expected to Fall Fast in Brazil Next Year -- Market Talk

Dow Jones

Jul 31, 2025

1229 ET - Brazil's central bank is expected to pause its aggressive hiking cycle later today, but borrowing costs are unlikely to fall before December, Bank of America economists write. However, they foresee a fast cutting cycle that would take the current 15% rate to 11.25% by December 2026, "as we see a benign trajectory for inflation, economic activity, and the currency ahead." Looser fiscal policy and trade tensions are risks, they say. Those could be meaningful. General elections next year could drive higher government spending and there are no indications that Trump's 50% tariffs on Brazilian imports set to go into effect Friday will be negotiated down anytime soon. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

July 30, 2025 12:29 ET (16:29 GMT)

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However, they foresee a fast cutting cycle that would take the current 15% rate to 11.25% by December 2026, \"as we see a benign trajectory for inflation, economic activity, and the currency ahead.\" Looser fiscal policy and trade tensions are risks, they say. Those could be meaningful. General elections next year could drive higher government spending and there are no indications that Trump's 50% tariffs on Brazilian imports set to go into effect Friday will be negotiated down anytime soon. (paulo.trevisani@wsj.com; @ptrevisani) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 30, 2025 12:29 ET (16:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interest Rates Expected to Fall Fast in Brazil Next Year -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInterest Rates Expected to Fall Fast in Brazil Next Year -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-31 00:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1229 ET - Brazil's central bank is expected to pause its aggressive hiking cycle later today, but borrowing costs are unlikely to fall before December, Bank of America economists write. However, they foresee a fast cutting cycle that would take the current 15% rate to 11.25% by December 2026, \"as we see a benign trajectory for inflation, economic activity, and the currency ahead.\" Looser fiscal policy and trade tensions are risks, they say. Those could be meaningful. General elections next year could drive higher government spending and there are no indications that Trump's 50% tariffs on Brazilian imports set to go into effect Friday will be negotiated down anytime soon. (paulo.trevisani@wsj.com; @ptrevisani) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 30, 2025 12:29 ET (16:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"IE00B5TLWC47.USD","symbol_name":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2555253200","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555253200","pubTimestamp":1753892940,"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":"1229 ET - Brazil's central bank is expected to pause its aggressive hiking cycle later today, but borrowing costs are unlikely to fall before December, Bank of America economists write. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","FAST":"快扣","BK4104":"贸易公司与经销商","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","BK4588":"碎股"},"translate_title":"巴西明年利率预计将快速下降——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FAST":1},"content_text":"1229 ET - Brazil's central bank is expected to pause its aggressive hiking cycle later today, but borrowing costs are unlikely to fall before December, Bank of America economists write. However, they foresee a fast cutting cycle that would take the current 15% rate to 11.25% by December 2026, \"as we see a benign trajectory for inflation, economic activity, and the currency ahead.\" Looser fiscal policy and trade tensions are risks, they say. Those could be meaningful. General elections next year could drive higher government spending and there are no indications that Trump's 50% tariffs on Brazilian imports set to go into effect Friday will be negotiated down anytime soon. (paulo.trevisani@wsj.com; @ptrevisani) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 30, 2025 12:29 ET (16:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}