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Brazil's Central Bank Cuts Benchmark Interest Rate, Signals More Rate Cuts
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Brazil's central bank surprises economists by cutting its benchmark interest rate by 50 basis points, signaling more rate cuts in the future. The decision reflects an improving inflation outlook and the reduction of longer-term inflation expectations. The central bank's inflation target for 2024 and 2025 is 3%.
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How might the cut in interest rates impact Brazil's economy?
What are the potential implications of the central bank's inflation target for 2024 and 2025?
What factors contributed to the improvement in the inflation outlook?
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