Brazil opts for steeper interest rate hike to curb inflation

* Central bank raises Selic rate by 50 bps. * Bold hike comes even after weak GDP print in Q1. Brazil’s central bank raised its benchmark interest rate on Wednesday to 8 percent from 7.5 percent, stepping up the pace of a tightening cycle to battle high inflation even as Latin America’s larges…

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Brazil opts for steeper interest rate hike to curb inflation

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