Brazil Central Bank Speeds Up Pace of Monetary Easing - News Summed Up

Brazil Central Bank Speeds Up Pace of Monetary Easing


SÃO PAULO—Brazil’s central bank intensified the pace of its rate cuts Wednesday, as price increases continued to lose steam amid a fierce recession. The bank’s monetary committee, known as the Copom, cut the benchmark Selic rate to 13% from 13.75%, a larger cut than most economists expected. The bank’s two previous rate cuts in this easing cycle...


Source: Wall Street Journal January 11, 2017 20:32 UTC





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