Central Bank raises benchmark interest rate to 6.25% a year

Following an increase in inflation in foodstuffs, fuels, and energy, Brazil’s Central Bank further tightened up its monetary policy. Its Monetary Policy Committee unanimously decided to raise the Selic rate—the economy’s benchmark interest rate—from 5.25 to 6.25 percent a year. The rate is at its highest since July 2019, when it reached 6.5 percent a […]

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