Brazil’s Central Bank Raises Key Rate to 12.75%, Sees Smaller Rate Increase at Next Meeting

The Central Bank of Brazil raised its benchmark Selic lending rate to the highest level in five years and said it would continue with its strategy as long as needed until the country’s rapid inflation starts to slow.

The Central Bank of Brazil raised its benchmark Selic lending rate to the highest level in five years and said it would continue with its strategy as long as needed until the country’s rapid inflation starts to slow.

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