Brazil Flash: ”CB cuts the SELIC rate by 50bps to 11.0%”
Published on Wednesday, November 30, 2011
Brazil Flash: ”CB cuts the SELIC rate by 50bps to 11.0%”
In the last meeting of the year, the CB’s Monetary Policy Committee decided to reduce the benchmark interest rate by 50bps by the third time in a row. We expect at least two more 50bps cuts at the beginning of 2012.
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