Brazil Daily

Will lower interest rates revive Brazil’s economy?

Good morning! Brazil’s Central Bank pushed the benchmark interest rate to a new all-time low. What does it mean for the economy? Brazil and the U.S. kickstart trade deal talks. More competition in the air travel business will lower fares. And earnings of some of Brazil’s major companies. Enjoy your read!

Will lower interest rates revive Brazil’s economy?

Brazil’s Central Bank lowered the Selic benchmark interest rate from 6.5 to 6% a year—the lowest ever since Brazil established an inflation target, in 1999. The bank also indicated further cuts down the line (markets foresee the rate at 5.5% by the...

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