Brazil Cuts Interest Rates to Lowest Level in 31 Years

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s Central Bank (BC) lowered the country’s benchmark interest rate (SELIC) on Wednesday by 0.5 percentage points, to seven percent per year, the lowest level since 1986. This is the tenth consecutive time the Bank’s Monetary Policy Committee (Copom) has lowered the SELIC. “The […]

Original published: 2017-12-07 08:07:30 Read the full Rio De Janeiro News here

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