Advanced Search

LatinNews Daily - 19 September 2019

Click here for printer friendly version
Click here for full report

In Brief: Brazil cuts benchmark interest rate to new all-time low

* The monetary policy committee (Copom) of Brazil’s central bank (BCB) has cut its benchmark interest rate (Selic) by half a percentage point to 5.5%. This is the second consecutive cut of the Selic, which was reduced from 6.5% to 6% following Copom’s last meeting in July. The latest cut was expected by the markets, and Copom says that it will most likely reduce the Selic further to 5% by the end of the year, a rate which will then be maintained throughout 2020.