Another “chicken flight” for Brazil, by the way Lula hates that term

JUST two years ago, when Dilma Rousseff was elected Brazil’s president, the country’s economy was booming. It then ground to a halt and is now struggling to recover. Despite increasingly frantic official efforts at stimulation, the moribund creature grew by …

Brazilian Central Bank brings down the basic interest rate in the country

The Monetary Policy Committee (Copom) of Central Bank (BC) of Brazil put down on Wednesday (7) the basic interest rate (Selic) by 0.75 percentage point. With the cut, the Selic rate went from 10.5% to 9.75% per year. This reduction …