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Brazilian organizations criticize interest rate cut as insufficient

The fourth consecutive cut in the Selic rate, decided on Wednesday (Aug. 5) by the Monetary Policy Committee (Copom) of Brazil’s Central Bank, was well received by economic agents but is still…

  • Central Bank cuts Selic rate by 0.25 percentage points
  • Firjan says rate cut insufficient to stimulate industrial growth
  • CNI rate 3.6 points higher than Taylor Rule suggests

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