Brazil's Central Bank Reduces Interest Rate Amid Economic Challenges
Brazil's central bank has reduced its benchmark interest rate for the fourth consecutive time, lowering it from 14.25% to 14%. This decision comes as part of a cycle that began in March, aimed at stimulating the economy ahead of the presidential elections. Despite easing inflation, which slowed to 4.64% in June, it remains above the target range of 1.5% to 4.5%. The central bank's cautious approach is influenced by global economic uncertainties, including the US-Israel conflict with Iran, which has driven up oil prices. 
