Business

Market roundup: Interest rate bump comes less aggressive

Brazil's Central Bank raised interest rates by half a percentage point on Wednesday. "Consumer inflation continued to surprise negatively," the Monetary Policy Committee noted

interest rates Brazil's Central Bank raised interest rates by half a percentage point on Wednesday. "Consumer inflation continued to surprise negatively," the Monetary Policy Committee noted.
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Hello and welcome back to our market roundup, when we sum up the most important goings-on in Brazilian markets.

🔔 The dashboard: In this short week interrupted by the Corpus Christi holiday, the Ibovespa benchmark stock index was down by 2.5 percent (still, on Wednesday the index broke an eight-day negative streak). The Brazilian Real, meanwhile, lost 1 percent against the U.S. Dollar — and the American currency broke the psychological barrier of BRL 5.

  • Biggest gains: Qualicorp (insurance), +9.2 percent.
  • Biggest drops: Via Varejo (retail), -18.3 percent. 

Interest rates up for the 11th straight time

In line with market expectations,...

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