Brazil Raises Rate More Than Expected as Inflation Hurts GDP

Brazil Raises Rate More Than Expected as Inflation Hurts GDP

Dado Galdieri/Bloomberg

A welder cuts a piece of steel during the construction of a bridge over Guanabara bay, at the site of the Transcarioca in Ilha do Fundao metro bus express corridor near Rio de Janeiro. Brazil’s economy expanded 0.9 percent last year, the slowest pace since 2009.