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.