Brazil’s central bank on Wednesday cut its benchmark interest rate by 50 basis points to a record-low 3.75% to cushion the economic blow of the coronavirus pandemic but signaled no rush to cut again and emphasized the need for more economic reforms.
An improvement in Brazil’s sovereign credit rating hinges more on stronger economic growth than lower interest rates, rating agency Moody’s said on Tuesday, urging economic reform and the shoring up of public finances.
Mauricio Macri, president of Argentina, Erna Solberg, Prime Minister of Norway and Hamdi Ulukaya, founder, chairman and CEO of Chobani and founder of the Tent Partnership for Refugees, will be honored by the Atlantic Council with the Global Citizen Awards, during a ceremony on the evening of September 24 in New York, NY. All three distinguished honorees have confirmed attendance and will speak at the event.