LatinNews Daily - 12 December 2019

* The monetary policy committee (Copom) of Brazil’s central bank (BCB) has cut the country’s benchmark interest rate, the Selic, by 0.5 percentage points to a new historic low of 4.5%. The Copom has been gradually reducing the Selic from 6.5% since July this year, and this latest cut was widely expected. The Copom, which is now expected to maintain the Selic at 4.5% throughout 2020, emphasised the importance of continuing the process of economic reforms and fiscal adjustments to allow for a sustainable economic recovery.

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