Brazil's Central Bank Cuts Benchmark Interest Rate to 14.25%
The Central Bank of Brazil announced on June 17th that it will reduce its benchmark interest rate by 25 basis points to 14.25%. This marks the third rate cut by the bank this year, with the decision influenced by uncertainties surrounding a ceasefire agreement in the Middle East and its consequences. Separately, the Shanghai and Shenzhen stock markets saw trading volumes exceed 2 trillion yuan. AI