Brazil lowers rates again

Brazil lowers rates again

Brazil Economy & Policy Corporate & Sovereign Strategy

Brazil's central bank has cut its benchmark lending rate to 8.25%, the lowest level in four years, but indicated the monetary easing cycle is gradually coming to an close.The monetary policy committee, or Copom, lowered the Selic rate by 100bp for the fourth time in a row, as inflation remained below target for the year."The committee judges that economic conditions prescribe an accommodating monetary policy, i.e. interest rates below the structural level," the Copom said in a statement.The Copo

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