Latin America: Brazil holds rates despite president’s attack

Chilean board also holds policy, while Costa Rica cuts after inflation goes below target

Central Bank of Brazil

Brazil’s president criticised its central bank’s decision to hold policy rates, while Chilean rate-setters also held, and Costa Rica’s cut after inflation fell drastically.

Brazil: The Central Bank of Brazil’s board voted unanimously to hold its Selic policy rate steady at 13.75% for the seventh consecutive meeting on June 22.

Brazilian president Luiz Inácio Lula da Silva criticised the decision, saying on social media the board was “fighting with Brazilian society”. Lula, who has frequently

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