Brazil Lifts Interest Rate to 15% as Robust Economy Fuels Inflation
By and Andrew Rosati
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Brazil's central bank raised its key interest rate by a quarter-point, saying it will likely pause its monetary tightening campaign to gauge its impact on inflation and economic activity.
Board members led by Gabriel Galipolo lifted the benchmark Selic to 15% in an unanimous decision on Wednesday, as expected by 12 of 32 economists in a Bloomberg survey. The other 20 forecast borrowing costs to remain unchanged at 14.75%.
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