Brazil Cuts Policy Rate By 25 Bps
Brazil’s central bank lowered its benchmark rate for a fourth consecutive time on Wednesday.
The monetary policy committee, known as Copom, of the Banco Central do Brasil decided to lower the key selic rate by 25 basis points to 14.00 percent.
The bank has lowered the rate by 100 basis points since March.
Copom said this decision is consistent with the strategy for inflation convergence to a level around its target, throughout the relevant horizon for monetary policy.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
FREE 7-Day Trial – No Payment Required
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
Slide Shows