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Brazil central bank makes 150 bps interest rate hike on fiscal fears

UPDATE 2-Brazil fiscal fears spur more aggressive 150 bps interest rate hike

Brazil's central bank on Wednesday raised interest rates by 150 basis points and signaled another such hike this year, stepping up the world's most aggressive tightening cycle after the government moved to loosen its constitutional spending limit.

Brazil Treasury officials quit as gov t looks to lift spending limit

Four senior Brazilian Treasury officials resigned on Thursday amid signs the government is looking to lift a constitutional spending cap, hammering Brazil's stocks and currency while driving up interest rate futures.

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