Brazil continues to cut Selic rate, this time to 9%, in unanimous vote

By Tali David

Minneapolis, April 19 - Brazil's central bank unanimously opted to reduce the Selic rate to 9% at its meeting in April, according to a bank press release.

The bank said that at this moment, the risks for the inflation path remain limited and that, up to now, given the fragility of the global economy, the contribution of the external sector has been disinflationary.

Most recently, the bank cut the Selic rate by 75 bps to 9¾% in March.

The minutes of the April meeting will be released in Portuguese next Thursday.

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