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 tenth time in a row, the Brazilian Central Bank decided not to change the country’s benchmark interest rate—the Selic. The Monetary Policy Committee (Copom) kept the Selic at 6.5 percent a year. The move had been expected by financial analysts.
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