27 Jul 2017
New cut at Selic rate by 100 basic points
The Central Bank of Brazil cut its key Selic rate by 100 basis-points to 9.25 percent
On July 26. 2017, in line with market expectations, The Central Bank of Brazil cut its key SELIC rate by 100 basis points to 9.25 percent. It is the seventh straight rate decline and the market continues to expect a SELIC rate level of 8,5% by the end of 2017.