Brazil's Central Bank has reduced its Selic interest rate by 25 basis points, bringing it down to 14.50%. The decision was made following a meeting of the Monetary Policy Committee.

<p> <img alt="The cut anticipated by markets, marked the second consecutive 25 basis point cut since the Central Bank initiated its current loosening cycle last month." height="80" src="https://en.mercopress.com/data/cache/noticias/110042/100x80/bcb.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> Brazil’s Central Bank following its two days meeting 28–29 April of the Monetary Policy Committee (COPOM) announced the reduction of its SELIC...