Rate round-up: Brazil hikes, most hold, Russia cuts


The Central Bank of Brazil raised its benchmark interest rate by 75 basis points to 9.5% on Wednesday in an attempt to act aggressively against rising inflation and the threat of an overheating economy.

The central bank acted amid forecasts that Latin America's biggest economy may expand this year at the fastest pace in more than two decades, pushing consumer price increases above the 4.5% target for inflation.

Henrique Meirelles, the governor of the central bank, on Monday told the Financial Ti

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