Bank of Brazil hikes rates for the fourth time in as many months


The Central Bank of Brazil yesterday raised its main interest rate by half a percentage point in an attempt to rein in inflation and prop up a currency that has been assailed by volatile global financial markets over the past few weeks.

The move, which was widely expected by observers, sets the bank's benchmark Selic rate at 9% – 1.75 percentage points higher than in April, when the rate was at a record low. The bank has since raised rates four consecutive times.

A note from Société Générale say

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: