UPDATE 2-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 rush to cut again and
emphasized the need for more economic 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 rush to cut again and
emphasized the need for more economic reforms.
Posted by Reuters
