UPDATE 1-Brazil cuts rates, pledges full arsenal in coronavirus fight
Brazil’s central bank on
Wednesday cut its benchmark interest rate by 50 basis points to
a record-low 3.75% to cushion the economic blow of the
coronavirus pandemic, but signaled no plans for more rate cuts
and emphasized the need for more reforms.
Wednesday cut its benchmark interest rate by 50 basis points to
a record-low 3.75% to cushion the economic blow of the
coronavirus pandemic, but signaled no plans for more rate cuts
and emphasized the need for more reforms.
Posted by Reuters
