Brazil Central Bank Slashes Rate to 14% in Fourth Straight Cut

Economy: Brasília Key Facts —Decision. The Copom, the rate-setting committee of Brazil’s central bank, cut the benchmark Selic rate by 0.25 percentage point to 14.00%. —Streak. It was the fourth straight quarter-point cut, bringing the total easing to one full point from a 15.00% peak. —Tone. Analysts read the statement as trimmed and mildly hawkish:…