Tag: Selic rate

• Monday, April 10th 2017 - 05:58 UTC

  Brazil's annual inflation drops to the lowest rate since 2010

  

  Brazil's annual inflation eased to the lowest rate since 2010 and came very close to the government's long-missed target, leaving the door open for the central bank to accelerate the pace of interest rate cuts next week.

• Thursday, December 1st 2016 - 14:00 UTC

  ºBrazil central bank lowers Selic rate to 13.75%; warns about global uncertainty

  

  Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter. The central bank lowered the benchmark Selic rate by a quarter of a percentage point, to 13.75% -- still one of the world's highest.