The Bovespa hugs the flatline after Brazil's central bank cut its benchmark rate an expected 75...

|By:, SA News Editor

The 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.