US EditionGallipolo Against the Tide of Interest Rate Cuts
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Central Bank President Gabriel Galípolo stated this Wednesday (August 27, 2025) that the benchmark interest rate should remain high for an extended period. According to him, the measure is necessary because inflation remains above the target established by the National Monetary Council (CMN). "We have been reinforcing that this interest rate should remain at this restrictive level for an extended period, precisely because we are in a scenario wh…
The President of the Central Bank (BC), Gabriel Galípolo, once again said on this Thursday, 27th, that the basic interest rate, Selic, should remain at the rate of 15% per year “for a longer period”. “People come to reinforce that this interest rate should remain for a longer period in a restricted pattern, just because people are... The post “The interest rate must remain in a restricted pattern”, says Galileo appeared first on The Antagnonist.
By mid-August, there had been 88 interest rate cuts in the global economy; in Brazil, the Central Bank maintained conservative signals in communication
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