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18 Aug 2026
Brazil central bank raises interest rates to curb rising inflation
The monetary policy committee increased the benchmark Selic rate by twenty-five basis points to manage economic pressures. This tightening cycle responds to resilient consumer demand and rising climate-related food prices. Officials stated that higher rates are necessary to align inflation with the official government target. Economists anticipate borrowing costs will stay elevated until fiscal spending and currency fluctuations stabilize.
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