The Central Bank will announce its latest monetary policy decision this evening and the Selic benchmark interest rate is expected to remain at 13.75 percent, where it has been since last August. However, markets will be watching closely to see if the bank signals that rate cuts are around the corner. Could high interest rates be holding back the Brazilian economy? And could they be creating an economic scenario that leads to more bankruptcies? Deputy Editor Euan Marshall welcomes Senior Brazil Analyst at Medley Global Advisors and monthly columnist for The Brazilian Report, Mário Sérgio Lima, to explain the impacts of the Central Bank's decision on the Brazilian economy.
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