LatinNews Daily - 22 June 2022

* Brazil’s central bank (BCB) has indicated that it is likely to continue raising the benchmark interest rate, which currently stands at 13.25%. A BCB statement predicted that “only the prospect of maintaining [high] interest rates for a sufficiently long period of time will bring inflation down towards its target rate” of 3.5% +/-1.5. Annual inflation stood at 11.73% in May, with the BCB’s latest projections predicting that Brazil will close 2022 with inflation of 8.5%, which will then fall to 4.7% in 2023.

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

• Subscribe
• Sign up for a one-time, 14-day trial