Brazil has lowered its interest rates by 1 percentage points, from 17.5% to an annual rate of 16.5%.
The key rates a tool used by Central Banks to implement monetary policy.
A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.
Here we show you the progression of interest rates in Brazil. You can see interest rates in other countries in interest rates and see all the economic information about Brazil in Brazil economy.