Central Bank of Brazil Cuts Selic Rate Again
December 11, 2019
For the fourth time since the end of July, Brazil’s monetary policy committee, Copom, authorized a 50-basis point cut of the Selic interest rate, which now becomes 4.5%. The action, like the earlier easings was justified but the expected “convergence of inflation to its target over the relevant horizon for the conduct of monetary policy, which includes 2020 and, to a lesser extent, 2021,” according to a released statement. The cut was agreed unanimously without any dissent.
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Central Bank of Brazil
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