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  • Brazil's central bank slashed its benchmark interest rate to a new all-time low Wednesday, saying the economic rout caused by the coronavirus pandemic meant "extraordinarily elevated monetary stimulus" was needed. The cut -- by three-quarters of a percentage point, to 2.25 percent -- was in line with forecasts. It was the eighth straight cut to the Selic rate. js/jhb/st
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  • Brazil cuts interest rate to new low amid virus rout
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