Skip to main content

Brazil cuts rates to new record low as inflation drops

Rater-setters reduce key Selic rate by 50 basis points to 5%

The Central Bank of Brazil
Photo: Central Bank of Brazil

The Central Bank of Brazil (BCB) reduced interest rates to a new record low today (October 30) on below-target inflation, protracted weak growth and high unemployment.

The monetary policy committee reduced the key Selic rate by 50 basis points to 5%. Inflation fell sharply last month, moving further away from the central bank’s policy goal. This is the third 50bp-rate cut since the BCB started the current loosening cycle in July.

In September, the IPCA benchmark inflation index rose year on

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.