Brazil's central bank is set to keep its key interest rate unchanged on Wednesday for the last time in a policy hold period that began last year, according to a Reuters poll of economists who expect the first rate reduction to come soon. Analysts and investors are looking for signals of an exit from strict policy amid a growing urge to lighten credit conditions in Latin America's No. 1 economy, which in 2021 and 2022 underwent a surprisingly aggressive tightening campaign that added 1,175 basis points of hikes to fight inflation. The rate-setting committee of Banco Central do Brasil (BCB), known as Copom, will hold the benchmark Selic rate at 13.75% -its highest since 2017 - for the seventh and last meeting on Wednesday, according to all 47 economists polled June 12-15.
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BRASILIA (Reuters) - Brazil's lower house on Wednesday approved a new fiscal framework bill, a major victory for President Luiz Inacio Lula da Silva's.
BRASILIA (Reuters) - Brazil's lower house on Wednesday approved a new fiscal framework bill, a major victory for President Luiz Inacio Lula da Silva's.
By Luana Maria Benedito and Gabriel Araujo SAO PAULO (Reuters) -Private economists in Brazil lowered their expectation for the country s inflation index .