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Aggressive Rate Cut of Brazil Giving Positive Outlook to the Economy


一月, 12 2017
watermark Economic news

The Central Bank of Brazil reduced its Selic rate benchmark abruptly in their attempt to boost the weak economy of the country as a result of the unanimous vote on Wednesday. It lowered by three-quarters of a point to thirteen percent instead of the forecasted four points. This has been the lowest rate cut since October last year.

According to the central bank, the inflation aligns with the target although the economic growth is still poor. Even though inflation has a slower pace of growth for more than two years, there is still a pile of debt and wavering confidence from businesses and consumers as consumer prices increase more that hamper progress in the economy.

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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。