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Key interest rate increased to 11.25% p.a.

The Central Bank (BC) has adjusted Brazil’s key interest rate, the SELIC, for the first time in the past six months. By 5 votes to 3, the Monetary Policy Committee (COPOM) decided to raise it to 11.25% per annum, its highest level since November 2011 (11.5%). Since December 2011, the SELIC rate had been subsequently […]