Brazilian politicians take on inflation-targeting mandate

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On Tuesday afternoon, the Brazilian Senate Economic Affairs Committee passed a Bill that wants to see a change in the inflation target mandate of the country's central bank.

The legislation means the Central Bank of Brazil would have to make policy decisions based on the goals of stimulating growth and employment, as well as tackling inflation.

Brazil has raised eyebrows recently by cutting its benchmark interest rate despite rocketing inflation in the country, which has consistently been above

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