Brazil’s central bank cut interest rates below 10 percent for the first time since 2013 on Wednesday and signaled it could keep up its pace of easing as plunging inflation gives it leeway to aid an incipient recovery.
The bank’s nine-member monetary policy committee, known as Copom, cut its benchmark Selic rate BRCBMP=ECI by 100 basis points for the third straight time to 9.25 percent. The decision was widely expected by economists in a Reuters poll.
Brazil Energy Insight 
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