Part-MVD-Mvd6334636-1-1-0

Brazil holds interest rate steady amid recession

Recession-hit Brazil's central bank left the key interest rate untouched despite rising inflation, opting against an increase that could put a further brake on the world's seventh-biggest economyRecession-hit Brazil’s central bank left the key interest rate untouched Wednesday despite rising inflation, opting against an increase that could put a further brake on the world’s seventh-biggest economy. It said central bank chief Alexandre Tombini and five other members of the monetary policy committee had voted to hold the rate steady, while two voted to increase it. Battered by economic and political turbulence as it prepares to host this year’s Olympic Games, Brazil recorded its highest inflation rate in 13 years at the close of 2015, at 10.67 percent — well above the central bank’s target ceiling of 6.5 percent.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 1 month ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *