RIO DE JANEIRO, BRAZIL - Brazil’s real (R$) one of the world’s worst-performing currencies this year, is set to get a shot in the arm from the Central Bank’s stronger-than-expected interest rate hike on Wednesday, March 17th, and pledge of a second dose in May.
The bank’s aggressive start to its tightening cycle, coming on the heels of its recent burst of foreign exchange market interventions, will put a floor under the real in the near term, analysts say.
The signal from the U.S. Federal Open Market Committee on Wednesday that it is . . .