Tombini’s inflation credentials strengthened by Brazil rate hike


The Central Bank of Brazil on Wednesday hiked its target rate by 50 basis points, as Alexandre Tombini, the institution's new governor, looked to cement his inflation-fighting credentials.

The central bank said the hike, which takes the benchmark Selic rate to 11.25% – the highest benchmark rate in the G20 – was the first step in "a process of adjusting the base rate, the effects of which, added to those of macroprudential measures, will contribute to the convergence of inflation to the target p

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: