Basic Brazilian Interest Rate “SELIC” Will be Set This Week; Decrease Expected

According to the Central Bank's latest survey on the financial market, the Monetary Policy Committee is expected to cut another 0.5 percentage point in the rate, at a time when Brazil's economy is still recovering.

RIO DE JANEIRO, BRAZIL - The basic interest rate - Selic - will be defined at the sixth meeting of this year's Monetary Policy Committee (COPOM) of the Central Bank (BC), next Tuesday and Wednesday, September 17th and 18th.

According to the Central Bank's latest survey on the financial market, COPOM is expected to cut another 0.5 percentage point in the rate, at a time when Subscribe to our Premium Membership Plan. Already Subscribed?