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Brazil raises rate 8th time, to slow pace of tightening

Brazil raises rate 7th time, to persevere with tightening

Brazil raises rate 3rd time, sees same hike in August

Brazil raises rate 3rd time, sees same hike in August      Brazil s central bank raised its key interest rate for the third time this year - as expected - and said it expects to continue normalizing its monetary policy stance with another rate hike of the same magnitude at its next policy meeting in August to ensure inflation slows to its target by 2022.      The Central Bank of Brazil (BCB) raised its benchmark Selic rate by another 75 basis points to 4.25 percent and has now raised it by 2.25 percentage points since it began tightening its policy stance in March this year with a 75-point hike and followed this with a similar-sized hike in May.

LatAm Daily Briefing: Colombia Extends Restrictions, Curfews; Mexico Reports Eighth Consecutive Quarter of Economic Decline

LatAm Daily Briefing: Colombia Extends Restrictions, Curfews; Mexico Reports Eighth Consecutive Quarter of Economic Decline
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Brazil holds rate 3rd time, signals end of f ward guidance

Brazil holds rate 3rd time, signals end of f ward guidance      Brazil s central bank left its benchmark interest rates steady for the third month and while it acknowledged inflation is higher than expected, it still considers the rise temporary and with inflation expectations for 2022 around its target, the recently-adopted forward guidance may no longer be needed.      The Central Bank of Brazil (BCP) left its benchmark Selic interest rate at 2.0 percent, unchanged since September when it paused in its easing cycle after 21 rate cuts in almost four years.      This year the rate has been cut five times by a total of 250 basis points and since October 2016 the rate has been cut 12 percentage points.

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