SAO PAULO: Recession-hit Brazil’s central bank left the key interest rate untouched on Wednesday (Thursday in Manila) despite rising inflation, opting against an increase that could put a further brake on the world’s seventh-biggest economy.
Surprising some observers, the bank left the benchmark Selic rate at 14.25 percent, citing “increased domestic and particularly external uncertainties.”
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.