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Август
2024

Brazil's Central Bank holds interest rate steady at 10.5% amid inflation pressure

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BRASILIA, 1st August 2024 (WAM) -- Brazil's central bank held its interest rate steady for the second consecutive meeting. Policymakers voted unanimously to keep the benchmark rate, known as the Selic, unchanged at 10.5% on Wednesday, Bloomberg reported.

In June, Brazil's central bank halted the interest rate cuts that had been in place for nearly a year. Recently, the government has called for




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