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Central Bank announced the biggest interest rate increase in 18 years
08/05/2021
Given the persistence of high prices and the consecutive revisions in market expectations for inflation, the Copom (Monetary Policy Committee) of the Central Bank raised, this Wednesday (4), the basic interest rate (Selic) by one percentage point, at 5.25% per year.
In the statement, the BC indicated that it would further increase 1% at the next meeting, in September, to 6.25%. In addition, the Central Bank has again changed the assessment of what level the rate should reach and stated that it should stay above neutral, which does not stimulate or contract the economy.
Source: Folha de São Paulo
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