Copom reduces basic interest rates to 2.25%

The Monetary Policy Committee of the Central Bank unanimously decided to reduce the Selic by 0.75 percentage points, from 3.00% to 2.25% per year. This is the eighth consecutive rate cut in the current cycle, after a 16-month period of stability. With that, Selic is now on a new floor of the Copom’s historical series, which started in June 1996.

Source: UOL Economia