Brazil Interest Rate 2022 Data
The Central Bank of Brazil unanimously decided to lift the Selic rate by 50 bps to % on August 3rd 2022, as expected. It was the 12th consecutive interest rate hike since it started tightening in March of 2021, to fight soaring inflation. Brazil's inflation rose to % in June of 2022 from % in the prior month, marking the 10th consecutive month of doubledigit .
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