Brazilian central bank cuts rate by 50bp again

Third consecutive 50bp rate cut enjoys unanimous support

banco-brazil-1-3
Central Bank of Brazil

The Central Bank of Brazil (BCB) cut interest rates by 50 basis points for the third consecutive time at its monetary policy meeting on November 1.

The decision was supported by all members of the central bank’s monetary policy committee. The key Selic rate stands now at 12.25%. The BCB started to lower rates in August, when they stood at 13.75%.

Additionally, the central bank said it intends to keep lowering rates at this rhythm over the next months. The committee said in its policy statement

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.