at Nasdaq.com (Wed, 10:53AM)
Brazil cut its benchmark interest rate yesterday for the 8th time since August, chopping off 50...
Brazil cut its benchmark interest rate yesterday for the 8th time since August, chopping off 50 bps to a record-low 8%. Policymakers are scrambling to revive an economy that has failed to respond for the last year to a barrage of stimulus measures. Further rate cuts could follow.
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