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27 jul 2017

New cut at Selic rate by 100 basic points

The Central Bank of Brazil cut its key Selic rate by 100 basis-points to 9.25 percent

On July 26. 2017, in line with market expectations, The Central Bank of Brazil cut its key SELIC rate by 100 basis points to 9.25 percent. It is the seventh straight rate decline and the market continues to expect a SELIC rate level of 8,5% by the end of 2017.

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