Brazil's Central Bank Expects `Benign' Inflation as Import Costs Decline

(Bloomberg) -- Brazil's central bank said lower
import costs and higher investments by companies will help
contain inflation, signaling policy makers won't slow the pace
of rate cuts this year.

The central bank lowered the benchmark lending rate by half
a percentage point on June 6, the biggest reduction this year,
to 12 percent. Policy makers voted five to two for the move,
with the dissenters backing a quarter percentage point cut.


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