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