Brazil's Copom cut the Selic to 14.25% for a third consecutive meeting even as inflation expectations sit at 5.3%, well above the BCB's 3.0% target. India's RBI holds at 5.25% as the June composite PMI slips to 57.4.
India’s private sector activity expanded at a slower pace in June as demand for goods and services softened and companies added fewer jobs, according to the HSBC Flash PMI. Source
