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04 Dec 2014

Centralbank raises SELIC by 50bps to 11.75%

The Brazilian centralbank(BCB) raised the SELIC rate to 11,75% late wednesday the 3rd of December 2014. BCB has now raised the SELIC rate 175bps(1.75%%points) since the start of the year. 

We expect the BCB to continue to raise interest rates until at least the middle of 2015 in order to dampen inflation