Brazil Raises Rate More Than Expected as Inflation Hurts GDP

Brazil Raises Rate More Than Expected as Inflation Hurts GDP

Dado Galdieri/Bloomberg

The Mangueira favela, or shantytown, is seen in the foreground as buildings stand in the city skyline, rear, in this aerial photo taken in Rio de Janeiro. Brazilian companies have posted their longest stretch of earnings disappointments on the back of the country’s uneven recovery.