Brazil's central bank steps up tightening with 100 basis-point rate hike, signals more of the same

Biztoc.com - 11. december 2024

Brazil's central bank steps up tightening with 100 basis-point rate hike, signals more of the same

Brazil's central bank raised interest rates by 100 basis points on Wednesday, doubling the pace of tightening to tackle mounting inflationary pressures, including robust economic activity and a weaker currency amid fiscal concerns. The bank's rate-setting com…

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