Tag: volatile world situation

• Thursday, May 17th 2018 - 08:47 UTC

  Brazil leaves basic rate unchanged citing a more volatile world situation

  

  Brazil's central bank unexpectedly left its benchmark interest rate unchanged on Wednesday, citing a more challenging and volatile situation in world economies. The bank left its benchmark Selic rate at an all-time low of 6.5%, after signaling at its previous meeting it would cut at least once more.