Central Bank Cuts Annual SELIC Interest Rate to 5.5 Percent, Lowest in Brazil’s History

Despite the exchange rate depreciation after the last meeting in July, economists believe that inflation should remain reasonably stable, given that there is also considerable idleness in the economy.

RIO DE JANEIRO, BRAZIL - The Monetary Policy Committee (COPOM) decided on Wednesday, September 18th, to make its second consecutive cut of 0.50 percentage point in the SELIC, reaching 5.50 percent per annum, the lowest basic interest rate in Brazil's history.

The decision was anticipated . . .

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