01 Jun 2017
Cut at Selic rate by 100 basic points
The Central Bank of Brazil cut its key Selic rate by 100 basis-points to 10.25 percent
On May 31. 2017, in line with market expectations, The Central Bank of Brazil cut its key SELIC rate by 100 basis points to 10.25 percent. It is the sixth straight rate decline and the market continues to expect a SELIC rate level of 8,5% by the end of 2017.