Brazil Market Review, Q1 2020: capital protection, long tenor safeguard investment portfolios

In the first months of the year, central banks around the world cut their interest rates in an attempt to support their economies amid growing fears of recession caused by the Covid-19 crisis. The Central Bank of Brazil cut its interest rates by half a percentage point to 3.75% on the perception that the economy of the country will suffer a historic contraction. The central bank’s benchmark Selic rate hit a record low due to factors such as the decline of commodity prices, global economic dow