Brazil Caps Record-Breaking Easing Cycle With Final Rate Cut
Brazil’s central bank intends to hold interest rates going forward to consider the impact of the record-breaking monetary easing cycle it concluded on Wednesday with a quarter-point cut.
The bank’s board, led by its President Roberto Campos Neto, lowered the Selic rate to 4.25%, as forecast by 35 of 45 economists in a Bloomberg survey. The remaining analysts expected borrowing costs to stay at 4.5%.
By Mario Sergio Lima via Yahoo Finance