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Brazil cuts interest rate by a quarter-point

By Inquirer - 2 weeks ago
BRASILIA — Brazil’s central bank cut its key interest rate by a quarter point Wednesday to 10.5 percent, continuing an easing President Luiz Inacio Lula da Silva hopes will spur Latin America’s biggest economy. The cut to the benchmark Selic rate was smaller than six successive half-point reductions that preceded it, said the bank, because

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