Brazil's Central Bank Raises Base Price as Inflation Looms
BRASÍLIA—Brazil's 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's …
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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. "At 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's annual inflation price to 4.72% in early April, properly above the central bank's three% target, makes an additional reduction in the crucial lending rate unlikely. All 22 banks surveyed this week by Citi's regional unit …
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