18/9/2024, 4:56:03 pm

Brazil Is Set to Raise Interest Rates Hours After Fed Cuts Them

Brazil's central bank is expected to raise interest rates for the first time since 2022, with most economists predicting a 0.25% hike to 10.75%, due to a heated economy and above-target inflation forecasts. Brazil's decision diverges from the global easing trend, with most Latin American countries cutting rates.