Brazil Says Reforms Needed to Push Rate Cuts Into Overdrive


intBrazil’s central bank kept its swift pace of interest rate cuts and signaled that any acceleration would require further progress in efforts to control government spending.

The central bank board, led by President Ilan Goldfajn, on Wednesday lowered the benchmark Selic by 75 basis points for the second straight meeting to 12.25 percent, as inflation continues to fall sharply and the economy shows few signs of recovery.


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