# Brazil central bank kicks off easing with cautious 25-bp cut after oil shock | MarketScreener

> Brazil's central bank began its easing cycle with a cautious 25-basis-point cut, lowering the Selic rate to 14.75% from 15%. The decision was unanimous and gave no explicit guidance on next steps, as an oil shock tied to the Iran war fueled inflation concerns.

- Date: 2026-03-18 · published 2026-03-18T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/20382-brazil-central-bank-kicks-off-easing-with-cautious-25-bp-cut-after-oil-shock
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Lower Brazilian rates reduce the yield advantage of holding reais, which tends to weaken the currency and support Brazilian export competitiveness for soybeans, corn and meal. The cautious pace signals limited near-term relief on domestic food and fuel costs.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-05-05 | [Brazil's real down 2% as central bank strikes cautious note; Stocks reverse course \| Reuters](https://feedsoft.ai/events/41605-brazil-s-real-down-2-as-central-bank-strikes-cautious-note-stocks-reverse.md) | +2.2% | -4.3% |
| USDBRL | 2021-03-03 | [Brazil real slumps to three-month low as central bank intervenes selling $2bn - Markets - Business Recorder](https://feedsoft.ai/events/12205-brazil-real-slumps-to-three-month-low-as-central-bank-intervenes-selling-2bn.md) | +1.7% | +0.6% |
| USDBRL | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | +4.1% | +15.5% |
| USDBRL | 2020-03-18 | [Brazil central bank FX, bond intervention fails to prevent market rout](https://feedsoft.ai/events/6393-brazil-central-bank-fx-bond-intervention-fails-to-prevent-market-rout.md) | +1.1% | +3.8% |
| USDBRL | 2022-02-24 | [Analysis: War shuffles moves of central banks in Brazil, abroad](https://feedsoft.ai/events/42916-analysis-war-shuffles-moves-of-central-banks-in-brazil-abroad.md) | +2.7% | -3.4% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/brazil-central-bank-kicks-off-easing-with-cautious-25-bp-cut-after-oil-shock-ce7e5ed9de89f22d

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.