Brazil benchmark interest raised to 11.75% a year

Amid the impact of the war in Ukraine on the global economy, Brazil’s Central Bank continued to tighten monetary policy belts. Its Monetary Policy Committee (COPOM) raised the Selic—the country’s benchmark interest rate—from 10.75 to 11.75 percent a year. In a statement, the Central Bank stated that the current moment requires caution, and reported that […]

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