Central Bank of Brazil Selic rate cut

An Eighth Central Bank Rate Cut for Brazil

July 11, 2012

COPOM, the monetary policy committee at the Central Bank of Brazil, cut its Selic interest rate to 8.0% from 8.5%.  From a peak of 12.5%, the rate was cut earlier by 50 basis points in August, October, November of 2011, and January 2012, then by 75 bps each in March and April of this year, […] More