Brazil Central Bank raises basic interest rate to 10.75% a year

Amid rising inflation on food, fuel and energy prices, Brazil Central Bank has tightened its monetary policy belts even further. Unanimously, the Monetary Policy Committee (Copom) has raised the Selic rate, the economy’s basic interest rate, from 9.25 percent to 10.75 percent a year. The rate hit two digits for the first time since July 2017, […]

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