October 31, 2018 / 9:15 PM / 17 days ago

Brazil central bank cuts interest rate to record low 6.00%

BRASILIA, July 31 (Reuters) - Brazil’s central bank cut its benchmark interest rate to a record low 6.00% on Wednesday, making an aggressive move with the first reduction in borrowing costs since March 2018.

The bank’s nine-member monetary policy committee, known as Copom, voted unanimously to lower the Selic rate by 50 basis points. Fourteen out of 27 economists in a Reuters poll predicted a 25-basis point cut to 6.25%, while 10 expected a more aggressive move to 6.00%. BR/INT (Reporting by Jamie McGeever; editing by Grant McCool)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below