SAO PAULO, Brazil (AP) - Fearing inflation could jeopardize the financial stability of Latin America's biggest country, Brazil's Central Bank on Wednesday increased the country's prime lending rate for the third consecutive month.
In a widely anticipated move, the bank's monetary policy committee increased the annual rate by half a percentage point to 17.25 percent.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!