18 March 2020 – Lowered interest rates

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Banco Central do Brasil lowered the Selic rate, the interbank loan rate, to 3.75%.
Full details here: https://www.bcb.gov.br/en/pressdetail/2317/nota