The central bank of Brazil lowered the refinancing rate to 2%.This was reported on the website of the Brazilian regulator.
"The Committee on Monetary Policy (Copom) at its 232nd meeting unanimously decided to reduce the Selic rate to 2% per annum," - said in a statement.
On July 24, the Central Bank of Russia cut the key rate from 4.5% to 4.25% per annum.
Economist Vitaly Kalugin, in an interview with URA.RU, assessed the decision of the Central Bank.
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This was reported on the website of the Brazilian regulator.
"The Committee on Monetary Policy (Copom) at its 232nd meeting unanimously decided to reduce the Selic rate to 2% per annum," - said in a statement.
On July 24, the Central Bank of Russia cut the key rate from 4.5% to 4.25% per annum.
Economist Vitaly Kalugin, in an interview with URA.RU, assessed the decision of the Central Bank.