Brazil’s Central Bank Continues Rate Cuts Amid Political Uncertainty


BRASÍLIA—Brazil’s central bank continued its cycle of rate cuts Wednesday as a political crisis threatens to cripple a budding economic recovery.

The bank cut its benchmark Selic rate to 10.25% from 11.25%, continuing a reduction in borrowing costs started in October. The move was spurred by Brazil’s struggling economy and below-target inflation, according to the central bank’s statement announcing the cut.

The bank said in…

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