Brazilian MPC cuts policy rate to record low

The Central Bank of Brazil reduced its policy rate to a record low on February 5, saying the move was justified by the balance of risks despite a recent rise in inflation.

The CBB’s nine-member monetary policy committee (MPC) unanimously voted to reduce the key Selic rate by 25 basis points to 4.25%. The MPC cut rates by 200bp in the second half of last year in a bid to stimulate the economy.

The MPC’s policy statement seemed to rule out further cuts in policy rates in the short term. It said

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!