Brazil board united on continuing easing with 50bp cuts

Deputy governor says “there is no predefined target for Selic” rate

Central Bank of Brazil
Central Bank of Brazil

A member of the Brazilian central bank’s board has stressed that policy-makers are united around a programme of 50 basis point rate cuts.

In a video published on October 16, deputy governor Mauricio Moura said the last rate decision had been “a unanimous [decision] between the nine members of Copom [the monetary policy committee]”. The board acts as Copom when it makes monetary policy decisions.

In September, the nine members voted for a 50bp reduction, the second in a row. At the August

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