Brazil Central Bank Slashes Rate to 14% in Fourth Straight Cut
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18 Articles
The Brazilian Central Bank announced a reduction in the basic interest rate of the economy (Selic) by 0.25 percentage points, from 14.25% to 14%. This was the fourth consecutive cut of the basic interest rate made by the Monetary Policy Committee (Copom) of the country's monetary institution. In a statement released on Wednesday, the Copom states that it believes that the decision is compatible with the strategy of convergence of inflation aroun…
Brazil Central Bank Slashes Rate to 14% in Fourth Straight Cut
Economy: Brasília Key Facts —Decision. The Copom, the rate-setting committee of Brazil’s central bank, cut the benchmark Selic rate by 0.25 percentage point to 14.00%. —Streak. It was the fourth straight quarter-point cut, bringing the total easing to one full point from a 15.00% peak. —Tone. Analysts read the statement as trimmed and mildly hawkish: […] The post Brazil Central Bank Slashes Rate to 14% in Fourth Straight Cut appeared first on Th…
On Wednesday, the Central Bank of Brazil cut the interest rate by 0.25 percentage points, leaving it at 14.0% per annum.
The decision of Wednesday 5 represents the fourth consecutive fall in the index
The decision of the Central Bank's Monetary Policy Committee to reduce the basic interest rate by 0.25 percentage point, setting Selic at 14% a year, divided opinions.
The Central Bank's Monetary Policy Committee (Copom) should continue today the gradual process of calibration of the Selic Rate on Wednesday with another cut of 0.25 percentage point of basic interest, from 14.25% to 14% per year. The movement, confirmed today at the end of the second day of the Copom meeting, would take the rate to the lowest level since March last year (13.25%).
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