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Economy & Business - April 2010 (ISSN 1741-7430)

Selic tightening

On 28 April Brazil's central bank monetary policy committee (Copom) voted unanimously to lift the benchmark Selic interest rate 75 basis points to 9.5%, without bias, the first increase in 19 months (since early September 2008). The bank is clearly signalling that it is more bothered about inflation than an overvalued Real.

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