Brazil hikes interest rate, signals may tighten further

Brazil's central bank raised its benchmark interest rate for the 12th straight time on Wednesday, citing an "adverse and volatile" global economy, and indicated its tightening cycle, one of the world's most aggressive, may not be over. 

The bank raised the benchmark Selic rate by half a percentage point, to 13.75 percent, in line with market expectations.

Source(s): AFP

Search Trends