Brazil’s Central Bank following its two days meeting 28–29 April of the Monetary Policy Committee (COPOM) announced the reduction of its SELIC rate by 25 basis points to 14.50%.

Brazilian financial markets posted one of their best sessions of the year on Monday after President Donald Trump announced a five-day postponement of strikes against Iran's energy infrastructure, citing “productive conversations” with Tehran.

According to a report by Agência Brasil, industry specialists and oil-sector groups say what they describe as abusive fuel price increases in Brazil are not explained by international volatility alone. The report cites cases of gasoline being sold for R$9 a liter at some stations in São Paulo and links part of the distortion to the loss of state control over the distribution chain after the privatization of BR Distribuidora.

Brazil’s central bank on Wednesday cut the Selic benchmark rate from 15% to 14.75% a year, marking the first reduction since May 2024 and the formal start of an easing cycle that policymakers had already flagged. In its statement, the Monetary Policy Committee, or Copom, said the move was consistent with its strategy to bring inflation back to target and noted that the external environment had become “more uncertain” because of the intensification of geopolitical conflicts in the Middle East.

Brazilian President Luiz Inácio Lula da Silva has canceled a planned trip to Chile to attend José Antonio Kast’s inauguration on Wednesday and will instead be represented at the ceremony by Foreign Minister Mauro Vieira. Brazilian officials said the change was due to “scheduling reasons.”

The São Paulo stock exchange reversed its losses in the final minutes of trading and closed Tuesday with a slight gain of 0.05%, lifted by President Donald Trump's statement that he is in "heated negotiations" with Iran just hours before his ultimatum for the reopening of the Strait of Hormuz expired.

Paraguay's President Santiago Peña met on Sunday in Campo Grande, the capital of Brazil's Mato Grosso do Sul state, with business leaders from the state's Federation of Industries (FIEMS) to promote investment opportunities in his country. The meeting, organized at the association's request, brought together representatives from sectors including bioenergy, food, construction and logistics.

The association agreement between Mercosur and the European Union (EU) enters provisionally into force on Friday May 1, after more than a quarter-century of negotiations, in what constitutes one of the world's most ambitious trade deals and the largest reciprocal opening ever finalised by the South American bloc. The final signing took place on January 17 in Asunción and, although final ratification by the European Court of Justice and subsequent approval by the European Parliament remain pending, provisional entry into force allows the immediate start of tariff reductions covering 95% of Mercosur products and 91% of EU products.

Brazil, the world's largest coffee producer and exporter, shipped 8.4 million 60-kilogram bags between January and March 2026, a volume 21.2% below the same period in 2025, the Brazilian Coffee Exporters Council (Cecafé) reported on Monday. Export revenues also fell 13.6%, to US$3.371 billion.

Mariano Páez, father of lawyer and influencer Agostina Páez, was filmed imitating monkey gestures at a bar in Santiago del Estero — the same racist gesticulations that led to his daughter's indictment for racial slur in Brazil, where she spent over two months detained in Rio de Janeiro. The incident took place just hours after the young woman's return to her home province.

The presidents of Brazil, Luiz Inácio Lula da Silva, and the United States, Donald Trump, held a meeting of close to three hours at the White House on Thursday in which both leaders declared an end to one of the most severe bilateral crises in two centuries of relations between the two largest economies in the Americas. The encounter, formalized as a working meeting, unfolded in a climate of personal fluency and allowed for the agreement to establish bilateral channels to address commercial, security, and regional cooperation matters.

Annual inflation in Brazil accelerated to 4.14% in March, pushed higher by rising fuel and food prices, the Brazilian Institute of Geography and Statistics (IBGE) reported on Friday. The figure reverses the slowdown recorded in February, when the index had eased to 3.81%.