Brazil maintains tightening stance with 50bp hike
Policy committee cites strength of economy and external uncertainty as reasons for unanimous decision
The Central Bank of Brazil (BCB) on November 6 raised its key Selic rate by 50 basis points to 11.25%.
The bank’s monetary policy committee, known as Copom, said it had reached the decision unanimously.
In a statement, it cited the uncertain global economic outlook, which it said raised questions about the pace of disinflation. It pointed in particular to the situation in the US and the impact on the Federal Reserve’s monetary policy stance.
“The central banks of major economies remain committed to
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