Brazil central bank cuts rates for fifth straight meeting - Reuters

- Brazil's central bank on Wednesday cut its benchmark interest rate by 25 basis points, delivering a fifth consecutive rate reduction as signs of an economic slowdown strengthened ahead of next month's presidential election.

The central bank's rate-setting committee, Copom, unanimously lowered the Selic rate to 13.75%, in line with the expectations of 48 of 51 economists polled by Reuters. The remaining three had forecast no change.


(Reporting by Marcela Ayres; Editing by Isabel Teles)