“Brazil signaled it may cut its benchmark interest rate to a record low as a still “fragile” global economy eases inflationary pressures in the world’s sixth-biggest economy.
The bank, in a statement accompanying its decision last night to lower the Selic rate by 75 basis points to 9 percent, said risks of missing its 4.5 percent inflation target are “limited” as the global outlook remains “disinflationary.” In the minutes to their meeting last month, the bank said borrowing costs would probably stabilize “slightly above” the record low 8.75 percent…”
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