Brazil cuts for fifth consecutive time ahead of elections
Fed hike not an ‘outright impediment’ for BCB to continue loosening, economist says
The Central Bank of Brazil (BCB) has cut rates by a quarter point for the fifth meeting in a row ahead of next month’s presidential elections.
The bank’s monetary policy committee, known as Copom, voted unanimously on September 16 to lower the benchmark Selic rate to 13.75%. In a statement, the BCB said the current economic environment was marked by heightened uncertainty, a deanchoring of inflation expectations and elevated risks.
“This scenario calls for caution on the part of emerging countries
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