📈 #Brazil's Copom cuts Selic rate by 0.50 p.p. to 13.25%.

The decision was closely split: 5 votes in favor of 0.50 p.p. cut and 4 votes for 0.25 p.p. cut.

Following the interest rate cut announcement, the ETF replicating Ibovespa in New York rose 2% in After Market trading.

#economy #interestrate #Bovespa #ETF #BrazilianEconomy