Selic Interest Rate Increased for the Seventh Time in Brazil

By Lisa Flueckiger, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazil's benchmark interest rate, the Selic, has been increased for the seventh time in a row by the Central Bank's Monetary Policy Committee, COPOM. This time, another 0.5 percent were added to the rate, which now reaches 14.25 percent, a level last seen in October 2006.

The Selic interest rate is the Central Bank's main interest to curb inflation, which according to

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?