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.

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