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 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.