Central Bank of Brazil Authorizes 75-Basis Point Rate Cut

June 18, 2020

As was expected, Brazil’s monetary policy committee known as Copom cut its Selic interest rate by another 75 basis points to 2.25% and matching the reduction made in May. A pair of 25-basis point reductions were done earlier in February and March. In a released statement from the Central Bank of Brazil, however, officials noted that the room for additional easing is now limited, and they urged more fiscal economic support.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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