Brazil's Central Bank signals further interest rate hikes in early 2025
BRASILIA, Dec. 17 (Xinhua) -- Brazil's Central Bank indicated in minutes from its latest Monetary Policy Committee (Copom) meeting, released on Tuesday, that it anticipates two additional increases to the Selic benchmark interest rate at the start of 2025.
The Central Bank cited the depreciation of the Brazilian real against the U.S. dollar, which recently surpassed 6 reals per dollar, as well as negative market