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Montevideo, October 22nd 2021 - 04:18 UTC
The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady. Read full article
In other words, the typical Brazilian is left almost 10% poorer. This is no big deal for the upper crust Brahmins, but the lower the economic status goes, the more this hurts
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