Central Bank Cuts SELIC Interest Rate to Historical Low of 4.5 Percent per Year

In a statement, the Central Bank pointed out that it sees the Brazilian economy gaining ground and that "the recovery will continue at a gradual pace".

RIO DE JANEIRO, BRAZIL - The Monetary Policy Committee (COPOM) decided on Wednesday to cut the SELIC by 0.5 percentage point for the fourth consecutive time, bringing interest rates down to 4.5 percent, the lowest basic interest rate in history.

In recent days, the general . . .

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