End in sight for Brazilian rate rises

Jan 24, 2014

Brazil’s central bank is likely to wind back interest rate hikes at its next meetings, analysts said on Thursday after the monetary policy committee published the minutes of its most recent meeting. The committee, Copom, said while the global economy was picking up, activity in Brazil was moderating. Analysts interpreted the comments as a signal that the benchmark Selic rate may rise by 25bp at Copom’s...

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