Today: how the Central Bank will try to tame inflation and currency devaluation. Why reforming courts could bring economic growth to Brazil. And why Brazilian travelers are unwanted.
Central Bank jacks up interest rates
After nearly six years at its lowest levels ever, Brazil’s benchmark interest rate has risen, from 2 to 2.75 percent. It was a much higher increase than analysts predicted, and may be the beginning of a new series of increments. In May, the Central Bank expects to bump rates up by 0.75 points once again, “barring a significant change in inflation projections or in the balance...
