Brazilian interest rate cut

Another 75-Basis Point Cut of the Brazilian Selic Rate

April 18, 2012

COPOM, the Monetary Policy Committee at the Bank of Brazil, authorized a sixth reduction of the Selic interest rate since last August 31.  The first four moves were 50 basis points in size from a peak of 12.5%.  This month’s cut, like that made at the March 8 meeting, was 75 bps in size.  The […] More