September 6, 2017 / 9:14 PM / 18 days ago

Brazil keeps aggressive pace of easing, cuts rates to 8.25 pct

BRASILIA, Sept 6 (Reuters) - Brazil’s central bank kept up its aggressive pace of monetary easing on Wednesday, taking its benchmark rate to a four-year-low as inflation remained well below an official target.

The bank’s nine-member monetary policy committee, known as Copom, cut its benchmark Selic rate by 100 basis points for the fourth straight time to 8.25 percent. The decision was widely expected by economists polled by Reuters. (Reporting by Silvio Cascione; Editing by Andrew Hay)

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