Central Bank Cuts SELIC by 0.75 Points, Basic Annual Interest Rate Now 2.25 Percent

RIO DE JANEIRO, BRAZIL - As was widely expected among market analysts, the Central Bank's Monetary Policy Committee (COPOM) announced on Wednesday, June 17th, another 0.75 percentage point (p.p.) cut in the SELIC, the economy's basic interest rate, which decreased from three to Subscribe to our Premium Membership Plan. Already Subscribed? Login Here