LatinNews Daily - 16 June 2022

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

* The monetary policy committee (Copom) in Brazil’s central bank (BCB) has raised interest rates by 50 basis points. With this latest hike, Brazil’s Selic benchmark interest rate now stands at 13.25%, the highest point in more than five years. The BCB has been pursuing an aggressive monetary tightening policy since last year in a bid to control inflation, which stood at 11.73% in the 12 months to May. The Copom has indicated that it could enact another similar rate hike when it next meets in early August.

End of preview - This article contains approximately 89 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.