Published 3 years ago

Brazil's Central Bank to raise its rate by one percentage point to 5.25% to control inflation

Summary by Ground News

The Central Bank of Brazil (BCB) will raise Wednesday its prime rate by one percentage point. The move comes after three successive hikes of 0.75 points that proved insufficient to control inflation. In March, the Copom initiated the cycle of Selic rate hikes, which was maintained for seven months at its historic low of 2%.

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The Rio Times

Brazil's Central Bank to raise its rate by one percentage point to 5.25% to control inflation

RIO DE JANEIRO, BRAZIL - The Central Bank of Brazil (BCB) will raise Wednesday its prime rate by one percentage point, to 5.25%, after three successive hikes of 0.75 points that proved insufficient to control inflation, according to most analysts' forecasts. The BCB's Monetary Policy Committee (Copom) had already foreseen in June, during its last […]The post Brazil’s Central Bank to raise its rate by one percentage point to 5.25% to control infl…

3 years ago·Brazil

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