Economics
Brazilian Real Extends Gains After ‘Sharp’ Rate Hike Pledge
- Officials deliver 75bps hike, signal same-size move in June
- Energy prices have pushed inflation above the target ceiling
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
The Brazilian real advanced after the central bank lifted its benchmark rate by 75 basis points and promised another hike of the same size next month in a renewed push to bring inflation back to target.