Brazilian MPC makes fourth consecutive 50bp cut
MPC unanimously anticipates cuts of same magnitude in future meetings
The Central Bank of Brazil (BCB) reduced interest rates by 50 basis points for the fourth consecutive time at its monetary policy meeting on December 13.
The monetary policy committee voted unanimously to cut the key Selic rate to 11.75%. It said it unanimously expects further rate cuts of the same magnitude in future meetings, despite warning over domestic and international inflationary pressures.
The BCB started reducing interest rates in August, when rates stood at 13.75%.
The MPC’s policy
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