Brazil expected to cut rates to new record low

The Central Bank of Brazil
Central Bank of Brazil

The Central Bank of Brazil is expected to further reduce interest rates today (September 18) to a new record low and continue the easing cycle before the end of the year.

Below-target inflation is giving the monetary policy committee the space to attempt boosting weak economic growth in Brazil, analysts tell Central Banking. The consensus points to a 50 basis point rate cut to 5.5%, likely to be followed by another reduction bring rates to 5% before the end of 2019.

“We expect the monetary

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