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Brazil 2026: Selic cuts, market dip and Petrobras profit

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Latest: Petrobras posts record Q2 2026 profit and approves R$ 17.4 bn dividend

From May to early August 2026 Brazil grappled with a weak real, high yields and a 14.25 % Selic after three cuts, while inflation eased and the IMF kept growth at 2.4 %. The Treasury intervened in bond auctions and the g