RIO DE JANEIRO, BRAZIL - Brazil’s central bank on Wednesday, March 17th, delivered its first interest rate hike in nearly six years with a 75 basis point hike to 2.75% as expected by some traders and flagged a similar increase in May to fight inflation even as the economy reels during the pandemic.
The decision to raise borrowing costs comes at a fragile moment, as a deadly second wave of the COVID-19 pandemic . . .
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