THE WORLD IS SLOWING: Brazil Just Cut Rates

Soybean farming in brazil

Photo: AP Images

The story of the night: Brazil just cut lending rates to 11.5%.Previously they had been at 12.0%

The central bank is acknowledging the slowing economy, the crisis, and the fact that inflation is mitigated.

The vote was unanimous.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

brazil moneygame-us