The Ibovespa edged down 0.1% to close at 168,277 on Thursday as investors assessed the monetary policy outlooks from Brazil’s central bank and the US Federal Reserve, alongside the signing of an interim peace deal between the US and Iran. Brazil’s central bank cut the Selic rate by 0.25 percentage point to 14.25% but signaled a longer timeline to bring inflation back to target, leaving its next steps open as it evaluates alternative interest rate paths. The US Federal Reserve, meanwhile, kept its benchmark rate unchanged and maintained a hawkish outlook. Banking stocks traded mixed, with Banco Bradesco down 0.5% and Itau losing 0.8%, while Banco do Brasil rose 0.6% and Caixa Economica gained 1.7%. Utilities were also mixed, with Axia down 1.7% and Sabesp losing 2%, while CPFL gained 1.3% and Copel advanced 3.4%. Meanwhile, WEG jumped 4.6% as investors positioned ahead of a key corporate payout deadline.