Brazil's Central Bank Cuts Rates to 11.25% as Inflation Slows [Yahoo! Finance]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
Company Research
Source: Yahoo! Finance
meetings, after inflation slowed within the tolerance range and new signs of a weakening economy emerged. Most Read from Bloomberg Musk's $55 Billion Pay Package Voided, Threatening World's Biggest Fortune Trump Risks Losing More Than Half of Swing-State Voters If Found Guilty Byron Allen's Latest Takeover Bid: Paramount for $14 Billion S&P 500 Has Its Worst Fed-Decision Day Since March: Markets Wrap Novo Nordisk Smashes Past $500 Billion Value on Wegovy Frenzy The bank cut the benchmark Selic to 11.25% on Wednesday, as expected by all analysts surveyed by Bloomberg and in line with prior guidance from the monetary authority. Policymakers have now lowered borrowing costs by 2.5 percentage points since August. “If the scenario evolves as expected, the Committee members unanimously anticipate further reductions of the same magnitude in the next meetings,” central bank board members wrote in a statement accompanying their decision. The bank considered the current pace as
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