Brazil’s central bank cut its Selic rate by 50bp, as expected

Banco Central do Brasil says it’ll cut by another 50bp at its next meeting also.


The “SELIC” rate, which stands for “Sistema Especial de Liquidação e de Custódia” (Special System for Settlement and Custody), is the Brazilian central bank’s (Banco Central do Brasil) overnight lending rate.

This article was written by Eamonn Sheridan at Source