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Brazil’s Central Bank Ends Run of Rate Cuts After Lula Election Win
Summary by WTVB
28 Articles
28 Articles
Brazil's central bank ends run of rate cuts after Lula election win
·London, United Kingdom
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The rate is the main instrument of the Central Bank to control inflation
·São Paulo, Brazil
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Copom shows caution in first meeting after the re-election of Lula (PT) in scenario of fiscal uncertainty and triggered of the dollar
·São Paulo, Brazil
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The Central Bank's Monetary Policy Committee (Copom) decided on Wednesday (4) to maintain the basic interest rate, Selic, at 13.75% per year. The decision interrupts a sequence of five consecutive cuts of 0.25 percentage point, started in March, when the rate was at 15%. The meeting was the first of the college since [...]
Copom maintains a basic rate of 13.75% per year, interrupts five consecutive cuts and cites worsening inflation expectations.
Coverage Details
Total News Sources28
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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