Roberto Campos Neto, head of Brazil's Central Bank, has announced plans for two 0.5 percentage point cuts to the Selic rate in early 2024.
These cuts follow four previous reductions, signaling a drop to 10.75 percent by March.
Campos Neto stressed these decisions aim to reduce policy costs while maintaining economic stability.
President Luiz Inácio Lula da Silva's criticism of slow rate cuts has not deterred the bank's plans.
Instead, Campos Neto underscored the. . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here