brazil central bank cuts interest rate again
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Brazil central bank cuts interest rate again

Arab Today, arab today

Arab Today, arab today Brazil central bank cuts interest rate again

Brazil economy
Brasília - Arab Today

Brazil's central bank cut its key interest rate for the second month running on Wednesday with a quarter of a percentage point drop to 13.75 percent.

"The available evidence indicates the pick-up in economic activity may be later and more gradual than previously anticipated," it said in a statement, after data earlier showed Brazil's recession-hit economy shrank another 0.8 percent in the third quarter.

 
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brazil central bank cuts interest rate again brazil central bank cuts interest rate again

 



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brazil central bank cuts interest rate again brazil central bank cuts interest rate again

 



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