US EditionPeople in Brazil Are Less Sensitive to Cuts in the Basic Interest Rate, Says BC Director
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Economic data suggest that the transmission of the Central Bank’s jury policy may not work with full fluid in Brazil, which calls for actions to be possible to obtain “the same effects with lower doses of medicine”, said in this quarter (25) Austrian Monetary Policy Director Nilton David. In an event promoted by the Brazilian Association of Financial and Capital Markets (Ambima), David argued that the Brazilian economy is also dynamism with basi…
·Brazil
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According to Nilton David, Brazil has been living for decades with high basic interest rates compared to other countries and a large part of the population pays interest rates much higher than the Selic rate.
·Brazil
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