Brazil central bank cuts rate 1 point to 16.5%

- Central Banking staff
- 18 Dec 2003

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The central bank of Brazil cut its Selic base rate by a percentage point to 16.5% on Wednesday 17 December. A Copom statement said that the cut was made "due to a trajectory of favourable targets for the resumption of economic activity."

Source: AE Brazil

The Brazilian Central Bank monetary policy committee unanimously cut Selic (base rate) by a percentage point to 16.5% on Wednesday at the second leg of its two-day monthly meeting. Copom set no bias.

This was the last of these meetings for the

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