Brazil Cuts Key Interest Rate Amid Inflation Concerns

Brazil has cut its key interest rate, but with inflation still a concern and a presidential election in October, the timing is as political as it is economic. CGTN's Sean Callebs spoke with Leticia Arcoverde, Deputy Editor at The Brazilian Report, about what the rate cut means for the economy and whether it will boost the current government's reelection prospects. #bizshow #Brazil #economy #inflation #Lula #GlobalSouth #trade Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica.tiktok This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.