CENTRAL BANK CUTS SELIC TO 4.5 PERCENT A YEAR AND RENEWS HISTORICAL LOW

RIO DE JANEIRO, BRAZIL - The Monetary Policy Committee (COPOM) decided on Wednesday to cut the SELIC by 0.5 percentage point for the fourth consecutive time, bringing interest rates down to 4.5 percent, the lowest basic interest rate in history. In recent days, the general . . . To read the full NEWS and much […] The post Central Bank Cuts SELIC to 4.5 Percent a Year and Renews Historical Low appeared first on The Rio Times.

TheRioTimes.com (Date:12/12/2019 13:59) Read full article >>

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Times: Multiplication is the mathematical operation of scaling one number by another. It is one of the four basic operations in elementary arithmetic .
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Committee: A committee is a type of small deliberative assembly that is usually intended to remain subordinate to another, larger deliberative assemblywhich when organized so that action on committee requires a vote by all its entitled members, is called the "Committee of the Whole". Committees often serve se
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Monetary Policy: Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment. Monetary theory p
Monetary Policy Committee: The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative ea