Brazil’s central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.
Read more: MercoPress
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http://www.agrosoft.com/br/for-the-sixth-straight-time-brazil-raises-interest-rate-50-points-to-14-25/english/
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