(Bloomberg) -- Brazil’s central bank lowered its benchmark interest rate by a larger-than-expected 50 basis points and said future cuts are likely to be of the same magnitude, a victory for President Luiz Inacio Lula da Silva’s campaign against high borrowing costs.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapPoland Sends Troops to