Reported about 16 hours ago
The Brazil Central Bank has announced plans to continue raising interest rates by two percentage points, citing persistent inflation above its target. Governor Gabriel Galipolo indicated that inflation could remain elevated until the third quarter, leading to a forecast of a 14.25% borrowing cost by March. Despite recent inflation data aligning with analysts' expectations, core inflation pressures continue to loom, complicating policy decisions and investor confidence amid a challenging economic landscape.
Source: YAHOO