Brazil raises rates for second month in a row

Brazil's central bank raised interest rates on Wednesday 20 October for the second consecutive month amid concerns about high oil prices and growing domestic demand.

Following its monthly meeting, the central bank's monetary policy committee announced that it had raised the reference Selic rate half a percentage point to 16.75 per cent. The committee set no bias for future monetary policy.

In a brief statement, the monetary policy committee said that its members unanimously decided on the 50 basis

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.