BC lower Selic to 2% per year and the country has a negative interest rate of 0.71%

The Central Bank's Copom (Monetary Policy Committee) decided to cut the basic interest rate by 0.25 percentage point, to 2% per year, on Wednesday (5). With this, Brazil consolidates itself among the countries with the highest negative real interest rate.

A financial investment that yields 100% of the current Selic rate over the next 12 months will have resulted below the inflation expected by the financial market for the same period.

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