Brazil's Central Bank Raises Rates to 14.75% as Real Plunges to Record Low
Banco Central do Brasil delivered an emergency 100-basis-point rate hike as the real fell past 6.20 against the dollar, the weakest level ever. Capital outflows accelerated after the government announced plans to expand fiscal spending ahead of elections.
Banco Central do Brasil delivered an emergency 100-basis-point rate hike as the real fell past 6.20 against the dollar, the weakest level ever. Capital outflows accelerated after the government announced plans to expand fiscal spending ahead of elections.
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