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Latinnews Daily - 08 February 2018

In brief: Brazil

*Brazil’s central bank (BCB) has lowered its Selic benchmark interest rate by 0.25 percentage points to a historic low of 6.75%, following a series of consecutive cuts starting in October 2016. This was broadly in line with market expectations. The decision has been celebrated by President Michel Temer who tweeted: “the government has put its house in order and created the conditions for the central bank to lower its interest rates. For the country, this could incentivise greater investment and job creation”.

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