Brazil's central bank sees more rate reductions

Brazil's central bank sees more rate reductions

Regulation Economy & Policy Capital Markets Brazil

Brazil's central bank said it could cut interest rates by another 0.5% after it lowered the benchmark Selic for the third time in a row to 5%. "The committee deems that the consolidation of the benign scenario for prospective inflation should permit an additional adjustment of the same magnitude," the central bank's monetary policy committee, or Copom, said in a statement on Wednesday. The Copom said it expects inflation to stand around 3.4% in 2019, before going to 3.6% in 2020 and 3.5% in 2021

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