Brazil's Central Bank Maintains Record Low 6.5% Interest Rate: Official

Mohammad Ali (@ChaudhryMAli88) Published September 20, 2018 | 10:39 AM

Brazil's central bank maintains record low 6.5% interest rate: official

Brazil's Central Bank maintained its key interest rate at the historic low of 6.5 percent on Wednesday, despite uncertainty related to next month's presidential elections and a weakening of the currency against the dollar.

Braslia, (UrduPoint / Pakistan Point News - 20th Sep, 2018 ) :Brazil's Central Bank maintained its key interest rate at the historic low of 6.5 percent on Wednesday, despite uncertainty related to next month's presidential elections and a weakening of the Currency against the Dollar.

Following 12 successive cuts, the key interest rate has been stable since March.

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