Brazil Hikes, Colombia Holds

Brazil Hikes, Colombia Holds

Brazil Colombia Economy & Policy

Brazilian officials decided unanimously to raise the country's benchmark interest rate 50bp to 10.00%, while Colombian officials were also unanimous in a vote to hold theirs at 3.25%. Brazil's move was expected, with analysts expecting a slowing at the next meeting in January. Several shops noted a change in the bank's message, which had been consistent through the previous meetings. “With today’s policy statement changes, the Copom left the door open to taper the pace of rate hikes from 50bp to

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