Brazil: Selic rate expected to keep growing next year

Wednesday, December 18th 2024 - 10:22 UTC

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Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) said Tuesday in a document that further hikes to the basic interest rate (Selic) were not to be ruled out next year given the rise of the US dollar against the Brazilian real, which crossed the BR$ 6 / US$ 1 barrier after the fiscal package announced by the Government of President Luiz Inácio Lula da Silva in recent days negatively impacted the market. Read full article

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FortHay
Things are not looking well: https://finance.yahoo.com/news/brazil-traders-sell-first-ask-222643785.html
Dec 18th, 2024 - 07:31 pm - Link - Report abuse 0
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