Brazil central bank cuts interest rate to record low
Add BT as a preferred source[BRASÍLIA] Brazil's central bank cut its benchmark interest rate on Wednesday to a new record low of 4.25 per cent, seeking to give a boost to what it called the "gradual recovery" of Latin America's largest economy.
The quarter-point cut, decided unanimously by the bank's monetary policy committee, was the fifth straight decrease in a loosening cycle that started last July.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Middle East-linked energy supply shocks put Asean Power Grid back in focus
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
