RIO DE JANEIRO, BRAZIL - Although widely expected, the increase was justified by a statement perceived by analysts as less harsh than the communication adopted by the monetary authority up to now.
According to the Central Bank's monetary policy committee (COPOM), the signaling of a lower increase ahead reflects the current stage of the tightening cycle, whose cumulative effects will be felt throughout the relevant period of 2022 and "to a greater extent" in . . .
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