Brazil Central Bank Cuts Benchmark Rate From 9.75% To 9.00%

Tyler Durden's picture

The global reliquification continues:

  • BRAZIL CENTRAL BANK DECREASES BENCHMARK LENDING RATE TO 9.00%
  • BRAZIL CEN BANK SAYS RATE CUT PART OF CONTINUED ADJUSTMENT

First India, now Brazil (even if the move was largely expected). When are Russia and China joining the fray?

From the BCDB:

Monetary Policy Committee reduced the Selic rate to 9% per year

 

18/04/2012 20:06:00

 

Brasília - The Monetary Policy Committee considers that at present, remains limited risks to the inflation trajectory. The Committee further notes that, until now, given the fragility of the global economy, the external sector has been disinflationary.

 

Thus, in response to the process of adjusting monetary conditions, the Committee decided unanimously to reduce the Selic rate to 9.00% pa, without bias.

Brasilia, April 18, 2012