Brazil’s Slowing Output May Mean Bigger Rate Cut

Brazil’s industrial production rose by only 0.6% in November, compared with October, less than the average 1–2% expected by economists. This may lead to a greater interest rate cut next week to boost economic growth. The most recent cut in the middle of last December saw the first lack of unanimity when two members of the central bank’s monetary policy committee (Copom) voted to cut the rate by 0.75% instead of 0.5%.