Brazil Cuts Policy Rate By 25 Bps

India, Aug. 6 -- Brazil's central bank lowered its benchmark rate for a fourth consecutive time on Wednesday.

The monetary policy committee, known as Copom, of the Banco Central do Brasil decided to lower the key selic rate by 25 basis points to 14.00 percent.

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The bank has lowered the rate by 100 basis points since March.

Copom said this decision is consistent with the strategy for inflation convergence to a level around its target, throughout the relevant horizon for monetary policy.

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Published by HT Digital Content Services with permission from RTT News....