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Brazil central bank cuts rates by 50 bps, signals same beyond January

BRASILIA (Reuters) -Brazil's central bank lowered its benchmark interest rate by 50 basis points on Wednesday for the fourth time in a row and signaled that it would keep cutting rates at that pace beyond its next meeting in January. Despite acknowledging cooling inflation and improvements in the global economy, the central bank held a steady outlook for its next steps, frustrating some economists who expected policymakers to open the door for bigger rate cuts. The bank's rate-settin...
Distrito Federal Luiz Inacio Lula Aurora Ellis Daniel Cunha Marcela Ayres Brad Haynes
Source: yahoo.com

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