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Brazil’s central bank again highlights considerable uncertainty about the economy

The Monetary Policy Committee (Copom) of the Central Bank repeated on Tuesday, 13, in the minutes of last week's meeting, the fiscal warning made in last week's communiqué, when it maintained the Selic rate at 13.75% for the third time in a row.

According to the minutes, the "Committee considered that there is still a lot of uncertainty about the prospective fiscal scenario and that the moment requires serenity in evaluating risks".

The warning was given again amid negotiations to increase public spending in 2023 to finance the campaign promises of the president-elect, Luiz Inácio . . .

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