Bank of Brazil Selic Rate Cut

A More Aggressive 75-Basis Point Interest Rate Cut in Brazil than Generally Expected

March 7, 2012

The Bank of Brazil’s monetary policy committee, COPOM, has implemented a fifth straight cut of its Selic interest rate, which at 9.75% is the lowest such has been since May 8, 2010.  275 basis points of a 375-bp tightening between April 2010 and July 2011 has now been reversed in five moves.  The first of […] More