Central Bank of Brazil cuts rates as uncertainty persists

central-bank-brazil

The monetary policy committee of the Central Bank of Brazil on August 29 voted unanimously to cut the benchmark Selic rate by 50 basis points to 7.5%, but suggested that care should be taken before further cuts are made.

The central bank noted the lagged effects of previous cuts were likely to feed through to the economy in the coming year. The cuts represent the ninth time that interest rates have been lowered in the space of a year, from a peak of 12.5% in July 2011.

Michael Henderson, a Latin

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: