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Stories for March 23rd 2023

• Thursday, March 23rd 2023 - 10:20 UTC

  With prices continuing to rise, Bank of England expected to increase the basic rate to 4,25%

  

  Following a surprise rise in UK consumer prices, the Bank of England is expected to increase interest rates for an 11th consecutive. Analysts think an increase in the Bank rate from 4% to 4.25% is the most likely outcome of the Monetary Policy Committee Thursday meeting later.

• Thursday, March 23rd 2023 - 10:16 UTC

  Brazil's Food Purchase Program re-launched

  

  Brazil's government Wednesday re-launched the Food Purchase Program (PAA) that used to exist in President Luiz Inàcio Lula Da Silva's previous administrations. The new format will focus on expanding production from minority groups and land reform measures, Agencia Brasil reported.

• Thursday, March 23rd 2023 - 10:14 UTC

  Brazil: Minister Haddad not happy about Selic rate remaining unchanged

  

  Brazil's Finance Minister Fernando Haddad found the Monetary Policy Committee (Copom)'s decision to leave the basic Selic interest rate unchanged at 13.75% per year “very worrisome,” particularly because new increases were not ruled out for the near future, Agencia Brasil reported.