Law takes over global finances
What’s behind the latest monetary decision?
Possible U.S. Fed hike of interest rates and difficulty in approving structural reforms at home, lead to appreciation of U.S. dollar, fall of market.
Bigger interest rate cuts are an option for Brazil's central bank signaling an emphasis on supporting the economy as inflation falls faster than expected.
The decision follows the conviction that gradually “we will have a substantial improvement in the economy, with inflation trending lower”