Copom cuts Selic again but sees steady outlook
The Central Bank's Monetary Policy Committee (Copom) "sees as adequate interrupting" the current monetary easing cycle after making a 25-basis-point cut in the Selic that brought Brazil's benchmark rate to another historical low of 4.25%. The post-meeting statement cited the lagging effects of monetary easing started in July 2019 as one reason to dismiss any further cuts in the short term, emphasizing the need for "cautious" policy even as its next decisions will continue conditioned on the evolution of economic activity, risks and inflation projections. Copom officials underscored...
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