Brazil expected to cut rates to new record low

The Central Bank of Brazil
Photo: 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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