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Brazil Central Bank Minutes Reveal Hawkish Stance Despite Selic Rate Cut to 14.00%

Brazil's central bank delivered a rate cut but signaled a deeply cautious outlook, stressing inflation is still driven by demand.

By Diane Cole

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Brazil Central Bank Minutes Reveal Hawkish Stance Despite Selic Rate Cut to 14.00%
Governo do Brasil/Banco Central do Brasil. / Wikimedia Commons (Public domain)

Brazil's central bank delivered a rate cut but signaled a deeply cautious outlook, stressing inflation is still driven by demand.

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