Santander Brasil to cut retail interest rates by 5-10 pct
BRASILIA, Jan 12 (Reuters) - Banco Santander Brasil said on Thursday that it is reducing its main retail interest rates by between 5 and 10 percent.
The decision came a day after Brazil's central bank cut Brazil's benchmark Selic rate by 75 basis points to 13.00 percent.
(Reporting by Stephen Eisenhammer; Editing by David Gregorio)