Geopolitical events
On May 6, 2026, the Brazilian Central Bank (BCB) unexpectedly reduced the benchmark Selic interest rate by 75 basis points to 9.25%. This decision follows a significant decline in the national consumer price index and is aimed at bolstering GDP growth through increased credit availability and private sector investment. The policy shift has prompted a recalibration of regional emerging market portfolios, with analysts noting that the move signals a transition toward a more accommodative monetary stance to support the government's "Growth Acceleration Program" (PAC) investments in green energy and logistics.