SÃO PAULO—Brazil’s central bank intensified the pace of its rate cuts Wednesday, as price increases continued to lose steam amid a fierce recession. The bank’s monetary committee, known as the Copom, cut the benchmark Selic rate to 13% from 13.75%, a larger cut than most economists expected. The bank’s two previous rate cuts in this easing cycle...

Source: Wall Street Journal January 11, 2017 20:32 UTC