Brazil’s central bank cut its benchmark interest rate by half a percentage point, the first change to the rate in a year, and said it could be the first of a series of cuts meant to substantially reduce one of the world’s highest interest rates.
Brazil’s central bank cut its benchmark interest rate by half a percentage point, the first change to the rate in a year, and said it could be the first of a series of cuts meant to substantially reduce one of the world’s highest interest rates.