Brazil Central Bank cuts Selic 25bp to 13.75%, fifth straight cut

Brazil's Copom cut the Selic rate by 25 basis points to 13.75%, in line with expectations, marking the fifth consecutive reduction. The move signals a gradual easing cycle amid moderating inflation, though the pace remains cautious. This reinforces a dovish tilt in Brazil's monetary policy, supporting local risk assets and pressuring the real.