Brazil’s central bank cuts rates to record low

central-bank-brazil

The Brazilian central bank cut policy rates to a new record low on August 5, in a bid to offset the economic effects of Covid-19.

Its monetary policy committee (MPC) unanimously voted to cut the key Selic rate by 25 basis points to 2%. In 2020, the Central Bank of Brazil has reduced rates by 250bp. The MPC said in its policy statement that it “believes the current economic conditions continue to recommend an unusually strong monetary stimulus”.

But the policy-makers acknowledged they may not

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: