Brazil's Central Bank Continues Easing, Cuts Selic Rate to 12

Brazil's Central Bank Continues Easing, Cuts Selic Rate to 12.25%

Brazil’s Central Bank Continues Easing, Cuts Selic Rate to 12.25% - WSJ

Brazil’s central bank cut its benchmark Selic interest rate to 12.25% from 13%, as expected, taking advantage of rapidly slowing inflation during a prolonged recession to slash the country’s high borrowing costs. After holding the Selic at a nine-year high of 14.25% for more than a year, the central bank began its latest monetary-easing cycle in October. Following two quarter-point cuts in the fourth quarter of last year, the bank cut the rate by...

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