Lula wants to change the terms of the EU-Mercosur agreement by the end of the first half of the year
The rate remains at its highest level since January 2017, when it was also at 13.75% per year. This was the fourth consecutive time that the Central Bank has not changed the rate, which has remained at this level since August. Previously, the Copom had raised the...
Copom maintains the economy’s basic interest rate at 13.75% per year
Last year, Copom promoted two 1-point increases, in March and May, and two 0.5-point increases, in June and August.Before the start of the hike cycle, the Selic rate had been reduced to 2% per year, the lowest level in the historical series that began in 1986.Due to...