Ibovespa closes down despite BC indicating chance of Selic cut in August By Reuters

2023-06-27 22:11:14

© Reuters. Quotation panel at B3 10/28/2021 REUTERS/Amanda Perobelli

SAO PAULO (Reuters) – O closed down on Tuesday, in yet another correction session on the São Paulo stock exchange, even after the Central Bank clearly signaled the possibility of starting the cycle of monetary easing in August.

Reference index of the Brazilian stock market, the Ibovespa fell 0.57%, to 117,565.55 points, according to preliminary data. At the maximum, in a first reaction to the Copom minutes, it reached 119,211.58 points.

The financial volume amounted to 23 billion reais.

(Por Paula Arend Laier)