Central Bank of Brazil
December 12, 2019
The Central Bank of Brazil’s Selic interest rate was cut by 50 basis points to 4.5%. This was the fourth recent reduction of a half percentage point following moves in July, September, and November. A released statement notes the decision was made unanimously and talks about comfortable levels of core inflation and confidence that inflation will converge on its target over the relevant monetary policy time horizon.
Copyright 2019, Larry Greenberg. All rights reserved.
Tags: Central Bank of Brazil
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