Brazil’s central bank lowered its benchmark lending rate by 25 basis points to slow down the pace of monetary policy easing

      Amid heightened domestic economic and fiscal uncertainty, Brazil's central bank has slowed the pace of monetary policy easing, cutting key interest rates by 25 basis points. Policymakers led by Governor Roberto Campos Neto cut the benchmark interest rate to 10.5% on Wednesday, in line with expectations of 22 of 33 analysts polled by Bloomberg. The remaining 11 people expect the Brazilian central bank to cut interest rates for the seventh consecutive time by 50 basis points. The Brazilian central bank's key interest rate decision was divided for the first time since August last year. Four of the nine members voted for a 50 basis point rate cut. Brazil’s central bank’s decision could spark yet another.