Brazil’s Central Bank Slashes Selic Rate
Under the Monetary Policy Committee's (Copom) decision, Brazil's Central Bank has made a significant move by reducing the Selic rate. On December 13, 2023, the rate was cut by 0.5 percentage points, a notable fourth consecutive reduction. This adjustment brought the base rate from 12.25% to 11.75%, the lowest since May 2022. This decision marks […]