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Tag: raised the SELIC rate for the seventh consecutive time

Brazil’s basic interest rate: How the SELIC hike affects household budgets

RT Staff Reporters -
RIO DE JANEIRO, BRAZIL - COPOM has decided to increase the SELIC rate by 1.5 percentage points, raising it from 7.75% to 9.25% per year. The measure is intended to control inflation, which in the past 12 months has...
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