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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FROM Reuters:
“Brazilian federal judge Sergio Moro, the man behind Brazil's largest ever corruption investigation, said there is still lack of interest from the country's political establishment to fight corruption, despite the political and economic crisis the practice sent the country into”
REF: http://www.reuters.com/article/us-brazil-corruption-judge-idUSKBN1AF0M9
Jul 30th, 2017 - 03:38 pm - Link - Report abuse 0
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