Interest rates in Brazil are kept flat (whether you like it or not)

Last night, The Central Bank of Brazil kept its benchmark rate steady at 8.75%, against market expectations. It was not an unanimous decision, as five members voted for keeping rates flat while the other three voted for increasing rates by 50 bps. Some argue that tightening now would have been the best choice as theContinue reading “Interest rates in Brazil are kept flat (whether you like it or not)”