Brazil Ups Rates and Signals Further Tightening
January 20, 2011 at 07:56 AM EST
Brazil’s central bank raised interest rates by 50 basis points and signaled further tightening in the weeks to come as Latin America’s biggest economy seeks to rein in a worrying surge in inflation. In a hawkish statement, the central bank increased the benchmark Selic rate to 11.25% in a move that could lead to further [...]