72260
Brazil CB to End Rate Cuts
Brazil CB to End Rate Cuts

Brazil CB to End Rate Cuts

Brazil CB to End Rate Cuts

Brazil’s central bank said on Tuesday it preferred a gradual end to interest rate cuts in the coming months, instead of bringing the cuts forward, in order to facilitate communication and collect more data about the economy, Reuters reported. The minutes of the central bank’s Sept. 6 monetary policy meeting also showed policymakers believe inflation has undershot the government’s target, in large part because of lower food prices. The bank last week cut its benchmark Selic rate by 100 basis points to 8.25%, a four-year low. Lower interest rates have helped stimulate a gradual economic recovery following a two-year recession.

Short URL : https://goo.gl/LvGwWx
  1. https://goo.gl/hgw3E3
  • https://goo.gl/HRYZNX
  • https://goo.gl/yVr6Dr
  • https://goo.gl/sBFZPZ
  • https://goo.gl/FpAcHo

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus