LatinNews Daily - 23 July 2009

Brazil rates cut to new low

Brazil & Southern Cone 23 July 2009 Modified: 23 July 2009 195 views

Development: On 22 July the central bank's monetary policy committee (Copom) unanimously voted to cut the benchmark Selic interest rate by 50 basis points to a record new low of 8.75%, without bias.

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