Believing the spike in inflation to be temporary, Brazil’s Central Bank decided not to change the country’s benchmark interest rate (Selic) at the second consecutive meeting. The rate is still at its lowest in history.
Brazil’s Central Bank for the fifth consecutive time has lowered the economy’s benchmark interest rate, known as Selic, to 4.25 percent a year, down 0.25 percentage points. The rate serves as a reference for other interest rates in the economy.
For the fourth consecutive time, the Brazilian Central Bank lowered the economy’s benchmark interest rate. Its committee unanimously decided to reduce the Selic rate to 4.5 percent a year, a 0.5 percentage point cut. The move had been expected by analysts.
For the third time in a row, the Brazilian Central Bank lowered the country’s benchmark interest rate. The Monetary Policy Committee (Copom) reduced the Selic rate to five percent a year, down 0.5 percentage points. The decision had been expected by analysts.
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