Brazil Cuts to Record Low

Brazil Cuts to Record Low

Brazil Economy & Policy

Brazil has cut its benchmark rate from to 8.0% from 8.5%, as expected, bringing the Selic to a record low. Discussion now turns to when the bank will chose to end the current cutting cycle, now at 450bp. Analysts largely expect the cuts to continue. "The statement accompanying the decision was similar to the previous meeting, which signals that the process of lowering the rate will continue," Itau says, forecasting a pause at 7.0%. "There is no reference in the statement to suggest the potential

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