Brazil's central bank raises interest rates by 0.01%, indicating that the pace of future rate hikes may slow down

The Central Bank of Brazil raised interest rates by 0.25%, bringing the benchmark rate to 14.25%, the highest level since 2016, in line with market expectations, marking the third consecutive meeting with a 0.25% increase.

The central bank's policy statement indicated that if conditions develop as expected, the rate-setting committee anticipates a smaller adjustment at the next meeting.

The central bank also noted that the global environment remains challenging due to U.S. economic policies and outlook, particularly the uncertainties surrounding trade policies and their impacts.

The central bank revised its inflation forecast for this year down from 5.2% in January to 5.1% to reflect the latest economic conditions