2026.04.3013:36:50UTC+00Ibovespa Rises Following Selic Cut

The Ibovespa climbed nearly 1% on Thursday, moving above 186,000 points as investors evaluated recent guidance from the central bank on the pace and magnitude of future interest rate adjustments. The session followed Wednesday’s decision by the monetary authority to cut the Selic rate by 0.25 percentage point, bringing it to 14.50% per year. The bank stressed that it will need to incorporate incoming data before defining its next policy steps, signaling the possibility of recalibrating the rate-cutting cycle and underscoring the gap between current inflation and the official target.

In the equity market, major banks advanced, with Itaú and Banco do Brasil each gaining around 1%, while utilities also rose, led by Axia, which climbed more than 1%. Petrobras slipped slightly, in line with the pullback in international oil prices.

On the macroeconomic front, the unemployment rate increased to 6.1% in the moving quarter ended in March 2026, up from 5.8% in the previous quarter and in line with market forecasts. Despite the uptick, it remains the lowest unemployment rate for a quarter ended in March in the historical series that began in 2012.