Brazil bank CEOs expect further rate cuts after fourth consecutive cut

BBD Banco Bradesco SA ADR

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1. 1CEOs of Bradesco (BBDO) and Itaú Unibanco said they expect additional interest rate cuts
2. 2Brazil's central bank cut rates by 25 basis points to 14%, marking the fourth straight reduction
3. 3Despite easing inflation and a slowing economy, real interest rates remain the highest in the world

Source Reuters · View original ↗

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