The Central Bank of Brazil raised its main interest rate by 50 basis points to 10.5% on Wednesday, sending a signal that it remains committed to combating inflation that last year exceeded the bank's 4.5% central target by nearly 150bp.
The rate rise was the bank's seventh in a row since last April, marking a 275bp increase during the past nine months.
"Continuing the adjustment of the basic interest rate process, initiated in the April 2013 meeting, the Committee decided unanimously, at this m
- Irish deputy governor warns hard Brexit is ‘entirely plausible’
- New Russian banknote provokes anger in Ukraine
- Low-paid jobs may explain flat Phillips curve – research
- Canada’s Project Jasper to explore clearing of securities in third phase
- G7 governors and ministers set out principles for assessing cyber security