The expected reduction, the seventh since july, is intended to pump money into the struggling economy. Brazil ‘s unemployment rate rose from 11 % to 12.2 % during the first quarter of 2020. The imf projects a contraction of 5 % or more this year. Get our Emerging Markets updates for free every morning! Leave this field empty if you're human:
Turkey focus on stabilizing Lira.
Oil production cuts boost market.