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The Bovespa hugs the flatline after Brazil's central bank cut its benchmark rate an expected 75...
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Thursday, April 19, 2012, 10:54 AM ETThe Bovespa hugs the flatline after Brazil's central bank cut its benchmark rate an expected 75 bps to 9% last night. The Copom's accompanying statement, however, was a dovish one - leaving the door open for more cuts after earlier giving the impression yesterday's move would be the last for this cycle.
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