Brazils Central Bank Raises Base Price as Inflation Looms

Brazil&#39s Central Bank Raises Base Price as Inflation Looms
BRASÍLIA—Brazil&#39s central bank Wednesday raised its base interest price for the initial time in almost two years, but economists say the modest enhance could be only the starting of a longer tightening cycle to combat inflation. The central bank&#39s …
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Interest rate held at two.5pc
The Reserve Bank is holding interest rates at 2.5 per cent, saying the economy has picked up, but that a higher dollar is a headwind and rising home prices had been a concern. &quotAt this point, we anticipate to preserve the OCR unchanged by means of the end of the year …
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Bank of Mexico Caught Among Stronger Peso, Increasing Inflation
But analysts and investors say a jump in Mexico&#39s annual inflation price to 4.72% in early April, properly above the central bank&#39s three% target, makes an additional reduction in the crucial lending rate unlikely. All 22 banks surveyed this week by Citi&#39s regional unit …
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