
Brazil’s central bank cut the benchmark interest rate for the ninth straight time on Wednesday to an all-time low of 7.5%, as policymakers keep up efforts to bolster a slow-moving economy which is the world's sixth-largest.

Brazil’s central bank cut its benchmark interest rate for the eighth straight time and signaled it will continue to lower borrowing costs, as spillover from a global economic slowdown limits inflation risks.

Brazil's central bank said Thursday it remained cautious about the outlook for prices due to uncertainties in the global economy, and hinted that more than just interest rates may be needed to bring inflation back into line with targets.