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2023.03.23 07:23 GMT+8

Brazil central bank holds key interest rate despite government pressure

Updated 2023.03.23 07:23 GMT+8
CGTN

Brazil's central bank maintained its key interest rate unchanged on Wednesday for the fifth time in a row, despite pressure from the government to lower it.

In September, the bank's monetary policy committee ended a run of 12 consecutive hikes, leaving the benchmark Selic rate at 13.75 percent. 

Source(s): AFP
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