Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • Publications
    • Photo Gallery
  • Membership
    • Member Companies
    • Sponsorships
  • DID Member Login

Brazil Central Bank cuts base interest rate to 6.5%

March 22, 2018 by

Brazil’s Central Bank on Wednesday cut its base interest rate for the 12th time in a row, this time by 25 basis points to an all-time low of 6.5%. The decision by the bank’s Monetary Policy Committee was unanimous. The bank said the cut was made possible by tame inflation. Brazilian inflation is currently running below 3.0%. In a brief statement, the bank hinted at another cut in May, when the committee meets next. Lower interest rates are expected to help propel Brazil’s economic recovery. Brazilian gross domestic product is expected to grow about 3% this year, after growth of only 1% in 2017.

Link to Central Bank release

More Testimonials

Filed Under: Uncategorized

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2022 | Brazil-U.S. Business Council | Privacy Policy