March 15, 2012 / 11:40 AM / 6 years ago

Brazil c.bank sees Selic falling near historic low

SAO PAULO, March 15 (Reuters) - Brazil’s central bank sees interest rates likely falling to a level slightly above their historic lows, the bank said in meeting minutes released on Thursday.

The bank cut its benchmark interest rate on March 7 by a greater-than-expected 75 basis points to 9.75 percent, taking it to its lowest level in nearly two years, in a bid to stimulate lackluster economic growth.

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