Brazil exceeds expectations with half-point hike
"Evaluating the macroeconomic climate and inflation, the Monetary Policy Committee decided unanimously to raise the Selic rate," the central bank said. "The movement will contribute to a timely reduction of the inflationary threat, and, in doing so, reduce the magnitude of further rate rises."
At 11.25%, the benchmark Selic rate has stood at a record low since September, following
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