Wednesday, February 26, 2014

Brazil raises rate by 25 bps, 8th rise since April 2013

Brazil's central bank raised its benchmark Selic rate by 25 basis points to 10.75 percent, saying it was "continuing the adjustment of the basic interest rate process, initiated in the April 2013 meeting."

The Central Bank of Brazil said the decision by its policy committee, known as Copom, was unanimous and without bias.







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by InformedTrades via InformedTrades

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