Brazil central bank keeps interest rate at record low 2%, but admits scenario of inflation expectations

Thursday, December 10th 2020 - 09:11 UTC

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Brazil’s central bank kept its key interest rate at a record low 2.00% on Wednesday, as expected, but gave the first sign it could soon drop its pledge to keep rates lower for longer as inflation expectations converge toward target. Read full article

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FortHay
That's nice, but shop for a car loan and you'll find no rate lower than 10% and most higher than 15%. So the banks continue to rip off the consumer. Some things never change.
Dec 10th, 2020 - 01:28 pm - Link - Report abuse +1
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