March 27, 2018 / 11:26 AM / 4 months ago

Brazil central bank may need 'some time' to halt rate cuts -minutes

BRASILIA, March 27 (Reuters) - Brazil’s central bank may take “some time” to evaluate the economic outlook before halting the deepest cycle of interest rate cuts in a decade, the minutes of its last policy meeting showed on Tuesday.

The bank last week cut the benchmark Selic rate by 25 basis points to 6.50 percent and signaled another cut of the same magnitude in May. (Reporting by Bruno Federowski)

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