Brazil Economy : Brazil Investment : Brazil Government : Brazil Trade : Brazil IPE Analysis & News

Retail sales in the Brazil economy rose 12.3 percent in February beating expectations according to Bloomberg.

Speculators predict the spike in Brazil retail sales is likely to prompt the Brazil government and the Brazil central bank to raise Brazil interest rates by 75 basis points in order to combat Brazil inflation.

Further support of the rise in Brazil interest rates come from the fact in the last meeting, three central bankers voted for a 50 basis point increase after the benchmark Brazil interest rate was kept unchanged for five straight months.

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