Brazil’s central bank has hiked its benchmark rate by 25bps to 10.75% – yes hiked

September 18, 2024 at 10:44PM
Banco Central do Brasil Monetary Policy Committee (Copom) decision

25bp SELIC rate hike

as expected

BCB says the pace of future adjustments and overall adjustment magnitude will be guided by its commitment to reach the inflation rate target

says the balance of risk for inflation is titled to the upside

more to come

This article was written by Eamonn Sheridan at www.forexlive.com.

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