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The Central Bank of Brazil announced an interest rate increase of 75 basis points, raising the benchmark interest rate to 4.25%

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The Central Bank of Brazil announced an interest rate increase of 75 basis points, raising the benchmark interest rate to 4.25%

Brazil’s central bank announced an interest rate increase of 75 basis points on the evening of 16 local time, raising the country’s benchmark interest rate from the current 3.5% to 4.25%. This is the third consecutive interest rate increase by the Central Bank of Brazil this year, which is in line with market expectations.Since the […]

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