Brazil’s central bank has hiked its benchmark rate by 25bps to 10.75% – yes, hiked

Banco Central do Brasil Monetary Policy Committee (Copom) decision

  • 25bp SELIC rate hike
  • as expected
  • BCB says the pace of future adjustments and overall adjustment magnitude will be guided by its commitment to reach the inflation rate target
  • says the balance of risk for inflation is titled to the upside

more to come

This article was written by Eamonn Sheridan at www.forexlive.com. Source