INSUBCONTINENT EXCLUSIVE:
decelerate the pace of Selic rate cuts.This decision, a close call at 5 votes to 4, was made late Wednesday, reducing the Selic rate by 25
basis points to an annual rate of 10.50%.This vote reflects deepening uncertainties in both the international and domestic arenas and hints
influence within the committee.Especially from members aligned with President Lula, who advocated for a steeper 0.5 percentage point cut.U.S
(Photo Internet reproduction)Market speculators now ponder whether the Brazilian Central Bank will soften its stance on inflation control
and selling terms.Market ConcernsConcurrently, future dollar contracts were also on the rise, peaking at 5.151 points by 5:36 PM Brasilia
concern for both domestic and international observers.
