Brazilian policy rate at lowest level in 30 years

The Central Bank of Brazil
The Central Bank of Brazil
Central Bank of Brazil

The Central Bank of Brazil has lowered its policy rate to its lowest level in over 30 years.

In a statement published on December 6, the central bank says its monetary policy committee “unanimously” decided to cut its Selic policy rate by 50 basis points to 7%. The central bank last cut the policy rate, by 75bp, on October 25.

“The committee judges that its baseline inflation scenario has evolved, to a large extent, as expected,” the statement says.

While global economic activity remained on

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