Brazil’s central bank cuts Selic to 13.75%
Brazil’s monetary committee lowered the Selic benchmark to 13.75% from 14% for the fifth straight meeting as inflation cooled and the economy slowed.
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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.