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LatinNews Daily - 17 June 2021

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In brief: Brazil’s central bank raises interest rates again

* The monetary policy committee (Copom) of Brazil’s central bank (BCB) has raised the benchmark interest rate, the Selic, by 75 basis points to 4.25%. This is the third consecutive rate increase by the Copom, as inflation continues to rise in Brazil. The Copom has indicated that it expects to carry out another 75-point hike when it next meets in August, part of its efforts to pursue the “normalisation of interest rates to a level considered neutral”, and further noting that “a deterioration of inflation expectations...may require a quicker reduction of monetary stimulus”