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The Bovespa -0.2% in early trade after the Brazilian central bank cut its benchmark rate another...

The Bovespa -0.2% in early trade after the Brazilian central bank cut its benchmark rate another 50 bps to 7.5%. It brings the rate-cutting cycle to one year and 500 bps, but the accompanying statement suggests that has come to an end. The cuts have yet to benefit stocks there, which remain amongst the poorest performers on the planet over the past year.
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