Brazil's central bank will raise its benchmark interest rate by 100 basis points on Jan. 29, with more to increases follow, ...
Banco Central Do Brasil last made a rate hike of 50 basis points in August 2022, carrying the rate to 13.75%, the highest since early 2017, and significantly up from a record low of 2% in March 2021.
The expected increase on Wednesday, firmly signalled by policymakers in recent weeks, would be Banco Central do Brasil's (BCB) second full percentage point rise after it surprised the markets in ...