Another Brazilian Central Bank Rate Hike

May 6, 2021

The Central Bank of Brazil’s Selic Rate was hiked by 75 basis points for the second time this year. Itnow becomes 3.5%. In 2020, the rate had been cut to 2.0% from 4.5% in five incremental moves. The tightening this year has been done because core inflation has risen to the top of the range compatible with reaching the bank’s inflation goal.

Copyright 2021, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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