Brazil central bank cuts rates for fifth straight meeting
Brazil's central bank cut rates by 25 basis points for a fifth consecutive meeting, citing firmer signs of an economic slowdown, and kept its options open ahead of next month's presidential election.
Brazil's central bank on Wednesday cut interest rates by 25 basis points for a fifth straight meeting as signs of an economic slowdown firmed, while keeping its options open ahead of next month's presidential election. The central bank's rate-setting committee, Copom, unanimously lo…