Brazil nears end of easing cycle as rates hit fresh low
Committee signals there will likely be a pause in rate cuts soon
Policymakers at the Central Bank of Brazil have cut rates to a fresh low of 6.5%, while signalling that the easing cycle may soon come to an end.
The 25-basis point cut on March 21 comes against a backdrop of an improving global economy and accelerating growth in Brazil as the country recovers from a deep recession in 2015 and 2016.
The policy committee says inflation appears to have evolved “more benignly than expected”, with inflation expectations for 2018 at around 3.6%, towards the lower
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