Brazil's interest rate down to 8%

Note: This section contains information in English only.
Source: Marketwatch
The Central Bank of Brazil decreased the benchmark interest rate by 50 basis points to 8%. Lower rate is supposed to bolster the economy and is a part of the overall looser monetary policy, to which the central bank started to adhere in August last year, when the interest rate was at 12.5%. However, the Brazilian currency has not been affected, trading against the USD at 2.035.

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