Brazil’s central bank cuts Selic to 13.75% for fifth straight time
Brazil’s Copom cut the Selic benchmark rate to 13.75% from 14%, citing cooling inflation and a slowing economy, continuing a fifth consecutive reduction.
Brazil’s central bank lowered interest rates on Wednesday for the fifth straight meeting as inflation kept easing and the economy slowed under still-high borrowing costs. 75% from 14%, matching expectations.