Brazil raises key rate to 12.25%, as expected

LOS ANGELES (MarketWatch) -- Monetary policy makers in Brazil late Wednesday raised the country's benchmark rate by a quarter-percentage point to 12.25%, according to a notice on the central bank's website. The decision was in line with the expectations of analysts polled by Dow Jones Newswires. The rate hike is the fourth this year by monetary policy makers as they work to reduce inflationary ...

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Source: Market Watch

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