Brazil cenbank lifts rates 50 bps, signals data-dependent path
ReutersMay 7, 2025 9:45 PM
BRASILIA, May 7 (Reuters) - Brazil's central bank raised its benchmark interest rate by 50 basis points to 14.75% in a sixth straight hike, signaling a data-dependent approach ahead as it monitors cooling economic activity and inflation.
The decision by the bank's rate-setting committee, known as Copom, was unanimous, matching the forecast of 32 of 35 economists in a Reuters poll.
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