Brazil's Caiado pledges to halve interest rates to 7% if elected

Brazilian presidential candidate Ronaldo Caiado reiterated a campaign promise to cut the Selic rate to 7%, roughly half the current level, if he takes office. The pledge is a political statement rather than a policy commitment, and its feasibility is uncertain given inflation dynamics and central bank independence. Markets may view the proposal as a risk to inflation expectations if it signals political pressure on monetary policy.