Brazil Cuts Interest Rate to 13.75% as Tight Election Clouds Outlook
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14 Articles
Brazil Cuts Interest Rate to 13.75% as Tight Election Clouds Outlook
Brazil’s central bank cut its benchmark interest rate by a quarter-point as inflation slows and the economy loses momentum, just weeks before a tight presidential election that is fueling uncertainty over how much further policymakers can ease.
The Central Bank's (CB) Monetary Policy Committee (Copom) decided, on Wednesday (16), to cut the economy's basic interest rate by 0.25 percentage point, reducing Selic from 14% to 13.75% per year. This is the fifth consecutive cut of the rate. The decision was unanimous. The economy's basic interest rate is the BC's main instrument to try to contain inflationary pressures, which have effects mainly on the poorest population. As decisions are mad…
Copom reduced Selic from 14% to 13.75% per year
The Committee on Monetary Policy (Copom) decided, on Wednesday (16), to reduce the basic interest rate of Brazil, Selic, to 13.75% per year, maintaining a cycle of cuts after lowering the rate to 14% at the last meeting. The reduction was already expected by the financial market and the predominant expectation among analysts was precisely
The Central Bank's monetary policy committee once again cut the basic interest rate by 0.25 percentage point on Wednesday (16). With this, Selic is now 13.75% a year. The decision was unanimous. This is the fifth reduction followed by the college of directors of the Central Bank since March. The post Central Bank rough interest rate for 13.75% appeared first in Radio Guaíba.
The Monetary Policy Committee (Copom) cut Selic from 14% to 13.75% a year on Wednesday (16). This was the fifth consecutive reduction of the Central Bank, in line with the one expected by the market. The decision of the collegiate was unanimous. The Copom decided to reduce the basic interest rate to 13.75% a.a., and understands that [...]
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