Reported 19 days ago
Brazil’s central bank is expected to raise its key interest rate by 0.5% on Wednesday, doubling the previous increase, amidst growing concerns over public spending and rising inflation estimates. Despite record growth in the economy driven by President Lula’s policies, the real has depreciated significantly, prompting fears about fiscal restraint. The bank's upcoming decisions will reflect a cautious approach to tightening monetary policy while factoring in the broader economic and political landscape.
Source: YAHOO