CLEAN : Banco Central de Brasil recorta tasa de interes en 0,25 pp a 14%

The Central Bank of Brazil reduced its interest rate by 0.25 percentage points to 14%, marking the first cut in four years due to improved inflation prospects and potential economic recovery. This decision, anticipated by analysts, aims to lower credit costs, enabling increased borrowing and spending by individuals and businesses, thus boosting economic activity. The Brazilian industry welcomed the move as crucial for growth. Brazil's economy, the largest in Latin America, has been in recession, with a significant GDP contraction last year and further decline expected. The government, led by Michel Temer, is pushing for a 20-year public spending cap reform linked to inflation.

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