国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Brazil's annual basic interest rate down to record-low 6.75 pct

Source: Xinhua| 2018-02-08 12:47:14|Editor: Jiaxin
Video PlayerClose

RIO DE JANEIRO, Feb. 7 (Xinhua) -- The Brazilian Central Bank's Monetary Policy Committee (COPOM) on Wednesday announced its decision to cut the country's annual basic interest rate Selic from seven to 6.75 percent, the lowest level since 1986.

It was the 11th consecutive cut in the Selic rate. However, it will likely be the last one. In a statement, the committee said given the current economic scenario, the best choice would be to end the Selic rate's reduction cycle.

"For the next meeting, in case the basic scenario evolves as expected, the committee sees at this point that it would be most proper to interrupt the process of monetary flexibilization," the COPOM said.

However, if the economic scenario changes, that would lead to further reductions in the Selic rate, the committee warned. Several factors will be analyzed by the committee in order to decide whether to make another cut in the Selic rate in their next meeting, which will be held in six weeks, including the upcoming vote on the social security reform.

Shortly after the COPOM's announcement, some of Brazil's main banks announced that they will be cutting the interest rates charged on loans to citizens and corporations.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369586981
主站蜘蛛池模板: 长岛县| 东乌珠穆沁旗| 越西县| 永州市| 车险| 开化县| 四会市| 马鞍山市| 广水市| 阳西县| 寿宁县| 自治县| 文昌市| 石泉县| 延寿县| 绥江县| 镶黄旗| 甘洛县| 曲沃县| 来安县| 遵义县| 南宫市| 兰溪市| 竹山县| 团风县| 河源市| 宜兴市| 海安县| 都安| 于田县| 瓮安县| 湟源县| 通海县| 阳西县| 阿荣旗| 略阳县| 茶陵县| 北宁市| 甘肃省| 康平县| 淳安县|