September 20, 2019
Brazil's central bank said it could cut interest rates by another 0.5% this year, putting the benchmark Selic rate at 5% by the end of 2019.
The bank's monetary policy committee, or Copom, cut the Selic by 0.5% to a new all-time low of 5.5% on Wednesday, citing a slow but steady economic recovery and comfortable inflation levels.
"The Copom reiterates that economic conditions prescribe stimulative monetary policy, i.e. interest rates below the structural level," the committee said in a statement
Central bank says it could lower the Selic to 5% by the end of 2019