Central Bank raises benchmark interest to 5.25% a year

Amid hikes in food, fuel, and energy prices, the members of the Central Bank’s Monetary Policy Committee (Copom) unanimously decided to raise the economy’s benchmark interest rate, the Selic, from 4.25 to 5.25 percent a year. This has been the fourth consecutive adjustment to the Selic rate, but the pace has increase. At each of […]

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