The Monetary Policy Committee (Copom) raised the basic interest rate by 0.50 percentage point, to 13.25% per year, a move that is part of the Central Bank’s policies to try to contain inflation. As a result, savings, Treasury Selic and CDB yields change.
On the date known as “super Wednesday” the Federal Reserve raised US interest rates by 0.75 percentage point, the highest since 1994. Now the rate has moved into the range of 1.5% to 1.75% per annum .
Presented by Thais Herédia and Priscila Yasbek, the CNN Money presents a balance of news issues that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
Listen to past episodes of the week:
Episode 06/15 – Super Wednesday and the surprise ECB meeting; how is the price of gasoline with the lower ICMS?
Episode 06/14 – Bear market and the bear market; Bitcoin melts; and the ICMS ceiling passes the Senate
Episode 06/13 – Super Wednesday crashes markets waiting for higher interest rates; Eletrobras is no longer state-owned
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Source: CNN Brasil
