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  • Brazil's central bank cut its benchmark interest rate on Wednesday to a new record low of 4.25 percent, seeking to give a boost to what it called the "gradual recovery" of Latin America's largest economy. The quarter-point cut, decided unanimously by the bank's monetary policy committee, was the fifth straight decrease in a loosening cycle that started last July. jhb/it
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  • Brazil central bank cuts interest rate to record low
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