Brazil Central Bank Slows Pace of Interest Rate Cuts With Quarter-Point Reduction [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- Brazil's central bank cut its key interest rate by a quarter of a percentage point, tempering its monetary easing campaign as economic and fiscal uncertainties grow. Most Read from Bloomberg Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Stormy Daniels Will Return to Court in Test of Trump's Demeanor Trump Judge Indefinitely Postpones Documents Case Trial Microsoft's Xbox Is Planning More Cuts After Studio Closings Policymakers led by Roberto Campos Neto lowered the benchmark Selic to 10.5% on Wednesday, as expected by 22 of 33 analysts surveyed by Bloomberg. The remaining eleven forecast a seventh straight half-point reduction. The decision was split for the first time since August, with four of the nine board members voting for a bigger cut of 50 basis points. “The Committee stresses that monetary policy should continue being contractionary until the consolidation of both the disinflation process and the anchoring of expectations
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