RIO DE JANEIRO, BRAZIL - After the Monetary Policy Committee's (COPOM) decision to lower the SELIC rate by 0.25 percentage points, pushing it to the historic 4.25 percent floor last Wednesday, Brazil became the second to have cut basic interest rates the most in one year, out of a list of 15 countries.
The country lags behind Turkey, which reduced its basic interest rate by 12.75 percentage points in the same period. The survey was conducted by the founder and CEO of Capital Advisors, Charlie Bilello.
The most recent monetary policy decision among the countries listed was . . .