RIO DE JANEIRO, BRAZIL - To contain the advance of inflation, the Central Bank's Monetary Policy Committee (Copom) announced on Wednesday, 22, a net increase of one percentage point in the benchmark interest rate Selic: from 5.25% to 6.25% per year. This is the fifth consecutive increase in the interest rate and is in line with market expectations.
The one percentage point increase was already expected. At Copom's previous meeting in August, the monetary authority signaled "another adjustment of the same magnitude" this week. The Committee argued that the basic scenario and the balance of risks indicate . . .
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