By Lise Alves, Senior Contributing Reporter
SAO PAULO, BRAZIL - Brazil's Central Bank (BC) lowered the country's benchmark interest rates (Selic) for the seventh consecutive time on Wednesday, to 9.25 percentage points per year. With the one percentage point decrease the Selic returns to a single number and reaches its lowest level since October 2013.
In a statement, the Central Bank's Monetary Policy Committee (Copom) said that political uncertainties have not yet influenced expectations . . .