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MercoPress, en Español

Montevideo, January 31st 2025 - 00:06 UTC

Tag: Brazil's Central Bank Monetary Policy Committee (Copom)

  • Thursday, April 3rd 2014 - 07:21 UTC

    Brazil central bank raises benchmark Selic rate to 11%

    The Copom will release the minutes from Wednesday's meeting April 10

    Brazil's central bank raised its benchmark Selic rate to 11% from 10.75% on Wednesday, prolonging its tightening cycle after a surge in food prices that has stoked already high inflation in an election year. The bank's decision was unanimous and left the door open for possible further rate hikes.

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