INSUBCONTINENT EXCLUSIVE:
prices and declining metallic commodity costs.The bank maintained its benchmark Selic rate projection at 15.25% for 2025 but flagged risks
and external volatility, particularly from the United States -China trade war reshaping commodity flows.The bank projects GDP growth of 2.2%
First-quarter 2025 GDP expanded by 1.6%, driven by agriculture and broad sectoral gains.Meanwhile, the United States dollar is expected to
Holds Interest Rates Steady Amid Global Trade Uncertainty
flight, despite its relatively closed economy
Monetary policy remains restrictive, with two 0.5% Selic hikes anticipated by mid-2025.However, the second increase hinges on international
developments, including exchange rate stability
2025, lifting domestic soybean premiums to $1.15 over United States equivalents.Fiscal challenges compound uncertainties
services inflation, which is already at 8.5%
