07 dec 2017
Further cut in the SELIC rate
The Central Bank of Brazil cut its key SELIC rate by 50 basis point to 7 %
On December 6. 2017, in line with market expectations, the Central Bank of Brazil cut its key SELIC rate by 50 basis points to a 20-year low rate at 7 percent. The guiding SELIC rate has now been halved from its 14% rate as of October 2016.
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