Daily Archives: 3 September 2015

SÃO PAULO — Brazil ended a cycle of aggressive interest rate hikes Wednesday, in a bid to shore up Latin America’s biggest economy as it faces its worst recession in 25 years.

The central bank’s monetary policy committee, known as Copom, decided to hold steady Brazil’s benchmark Selic interest rate, after economists predicted creeping inflation may have peaked in August.

The rate was held after seven consecutive hikes.

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