12:17 - 21.09.2023

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September 21, Fineko/abc.az. Brazil's central bank on Wednesday cut its benchmark interest rate by 50 basis points and signaled further cuts by a similar amount ahead, while emphasizing the government's role in meeting fiscal targets to lower inflation expectations.

ABC.AZ reports that central bank's rate-setting committee lowered the key rate to 12.75%, which coincided with expectations of all 48 economists polled by Reuters.