The Brazilian Central Bank has announced it will hold its overnight interest rate at 8.75 percent in order to help spur the Brazil economy according to Dow Jones.
The move is expected despite concerns over renewed signs of inflation in the Brazil economy as the IPCA inflation rate rose from 4.18 percent in mid-December to 4.31 percent in mid-January.
Nonetheless, even with Brazil inflation at 4.31 percent, it is still below the Brazilian central bank and Brazil governments inflation target of 4.5 percent.
No Comments so far ↓
There are no comments yet...Kick things off by filling out the form below.