Pantheon Macroeconomics - Brazil's central bank is finally decisively facing its demon, persistently high inflation. The eight-member policy board, known as Copom, decided unanimously on Wednesday to increase the Selic rate by 50bp to 12.25%, the highest level in more than three years, in line with the consensus.

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23 Jan. 2015 Brazil Continues to Combat Expectations for Surging Inflation

By Andres Abadia

Brazil's central bank is finally decisively facing its demon, persistently high inflation. The eight-member policy board, known as Copom, decided unanimously on Wednesday to increase the Selic rate by 50bp to 12.25%, the highest level in more than three years, in line with the consensus.

Posted: 23rd Jan 2015 in 'Latin America Documents'

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