Brazil's central bank raised its benchmark interest rate for the 12th straight time Wednesday, citing an "adverse and volatile" global economy, and indicated its tightening cycle, one of the world's…
Brazil s central bank raised its benchmark interest rate 50 basis points to a record 13,75%, (the highest since January 2017), anticipating that the tightening cycle, may not be over given the stubborn high domestic inflation and “adverse and volatile” global situation.
Brazil's central bank hiked its benchmark interest rate for the 12th consecutive day on Wednesday, citing an "adverse and volatile" global economy and warning