Brazil's central bank considers smaller interest rate cuts due to increased uncertainties.
Brazil's central bank discussed smaller interest rate cuts ahead due to increased uncertainties and the need for more monetary policy flexibility in Latin America's largest economy. Some board members argued a slower pace of monetary easing may be appropriate, depending on future uncertainty. The central bank reduced the benchmark Selic rate by 50 basis points to 10.75% in its most recent meeting.
March 26, 2024
5 Articles