Economics
Brazil Readies First Rate Hike in Six Years: Decision Day Guide
- Most analysts in Bloomberg survey forecast half-point rise
- Annual inflation expected to end 2021 well above 3.75% target
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Brazil is poised to raise its key interest rate from an all-time low as policy makers look past a shaky economic recovery to fight the fastest inflation in four years.
All but one of the 41 economists surveyed by Bloomberg expect the central bank to raise rates Wednesday, which it hasn’t done since 2015, making Brazil the first G-20 country to tighten monetary policy this year. Yet forecasts for how aggressive it will be vary widely.