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Brazil central banks cuts its benchmark rate by 50bp (vs. 25bp cut expected)

Brazil central banks cuts its benchmark rate by 50bp (vs. 25bp cut expected)
Brazil's central bank, Banco Central do Brasil​, has cut its benchmark rate, Selic target rate, by 50 basis points.The consensus was for a 25bp cut. The Bank says that 25 was considered but the improvement in inflation dynamics was enough for a 50 point move:the current situation demands serenity and moderation in the conduct of monetary policy if expected scenario is confirmed, the committee unanimously expects a rate cut of same magnitude in coming meetingsthe total magnitude of easing cycle w... Read More
Posted: Aug 2 2023, 21:55
Author Name: forexlive
Views: 080763

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