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Montevideo, July 16th 2019 - 14:18 UTC

 

 

Brazil central bank lowers basic rate to 9.25%; expected to reach 8% by end of 2017

Thursday, July 27th 2017 - 14:54 UTC
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Brazil's central bank cut interest rates below 10% for the first time in nearly four years on Wednesday, keeping a fast pace of monetary easing as plunging inflation gave it leeway to aid an incipient recovery.The bank's nine-member monetary policy committee, known as Copom, cut its benchmark Selic rate by 100 basis points for the third straight time to 9.25%. Read full article

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