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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...
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Posted: Aug 2 2023, 21:55
Author Name: forexlive
Views: 080763