Central Bank raises benchmark rate to 13.75% per year

Amid the impacts of the war in Ukraine and a possible recession in the United States – with impacts on the global economy – Brazil´s Central Bank (BC) continued to tighten the belts on monetary policy and raised the country´s benchmark interest rate Selic on Wednesday (Aug. 3) from 13.25 percent to 13.75 percent a year. […]

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