Business

Brazil’s interest rates are at their lowest – ever

selic benchmark interest rate
selic benchmark interest rate
The Central Bank slashed the basic interest rate to its lowest point

The Central Bank’s Monetary Policy Committee (Copom) decided on Wednesday to cut Brazil’s Selic benchmark interest rate by 0.50 to 7 percent per year – a record low. Copom meetings are held every 45 days. For the 10th straight time, the committee cut the Selic from 14.25 percent in August 2016 to...

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