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Santander Brasil to cut retail interest rates by 5-10 pct
January 12, 2017 / 9:00 PM / a year ago

Santander Brasil to cut retail interest rates by 5-10 pct

BRASILIA, Jan 12 (Reuters) - Banco Santander Brasil said on Thursday that it is reducing its main retail interest rates by between 5 and 10 percent.

The decision came a day after Brazil’s central bank cut Brazil’s benchmark Selic rate by 75 basis points to 13.00 percent. (Reporting by Stephen Eisenhammer; Editing by David Gregorio)

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