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Brazilian Central Bank lowers rates again
Certainly! Here's the translation of the text into English while maintaining the tone and meaning: "Khales, the Central Bank of Brazil has decided to cut the base interest rate for the fourth consecutive time to 14%, ahead of the presidential elections that President Luiz Inácio Lula da Silva aims to win. The purpose of this reduction is to stimulate the economy despite rising inflation, which reached 4.64% in June, and inflation still remains above the targeted range of 1.5% to 4.5%. The decision comes amid concerns about the impact of the Middle East war on oil markets and the increasing risks of global inflation."
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