The bank has made three consecutive interest-rate cuts in total, bringing the benchmark Selic base interest rate to 11%.

巴西央行迄今一共降息三次，把作为基准的清算与托管特别系统（Selic）目标利率下调到11%。

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For this privilege, the borrower needs to pay a higher margin over a relevant base interest rate.

为获得这种特殊的权利，借款者需支付比相关的基准利率更高的利差。

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For this privilege, the borrower needs to pay a higher margin over a relevant base interest rate.

为获得这种特殊的权利，借款者需支付比相关的基准利率更高的利差。

youdao