Brazil’s central bank cut interest rates to an all-time low on Wednesday and unexpectedly signaled it is likely to pursue another reduction at its May meeting as inflation continues to underwhelm.
The bank’s nine-member monetary policy committee, known as Copom, cut the benchmark Selic rate by 25 basis points to 6.50 percent, capping a 775-basis-point decline since October 2016.
Brazil Energy Insight 
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