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Brazil’s central bank raises key rate to 12.25%

business.inquirer.net 12-12-2024 04:26 0.5 Minutes reading
Brasília, Brazil — Brazil’s central bank on Wednesday lifted its key interest rate one point to 12.25 percent and warned more hikes were likely to come as it sought to contain high inflation. The decision by the bank’s COPOM monetary committee came a day after the country posted an annualized inflation rate of 4.87 percent

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