Brazil: Central Bank suspends rate cuts after Lula's re-election
The Brazilian Central Bank maintained its key rate at 13.75% on Wednesday, in a context of market turbulence following the re-election of left-wing President Lula.
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The Brazilian Central Bank maintained its key rate at 13.75% on Wednesday, in a context of market turbulence following the re-election of left-wing President Lula.
The Central Bank of Brazil interrupted a cycle of reduction of its key rate on Wednesday, after the re-election of left-wing President Lula which caused turbulence on the markets.
The Monetary Policy Committee of the Central Bank maintained its key rate, the main tool for controlling inflation, at 13.75%, one of the highest in the world.
Machine-translated from French
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- Le Figaro4 Nov, 22:57
| Publisher Le Figaro (established tier) | +76 |
| Checkable figures cited | +3 |
| Detailed summary | +2 |
| Total | 81 |
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