RIO DE JANEIRO, BRAZIL - The financial market expects the SELIC (basic interest rate) to be reduced by 0.5 percentage points, from the current annual six percent to 5.5 percent, at the Central Bank (Central Bank) Monetary Policy Committee (COPOM) meeting scheduled for Tuesday and Wednesday, September 17th and 18th, in Brasília. This expectation is included in the weekly survey of the Central Bank to financial institutions in the Focus Bulletin.
The . . .