The Central Bank of Brazil raised interest rates by 100 BP for the third time, indicating a reduction in the pace of rate hikes.

On March 20, Jin10 Data reported that on Wednesday local time, the Central Bank of Brazil raised interest rates by 100 basis points for the third consecutive time to 14.25%, a new high since 2016, in line with expectations, and the rate decision was unanimously approved. The Central Bank of Brazil reiterated its previous forward guidance and indicated that the rate hike in the next policy meeting would be smaller, as it is monitoring signs of an economic slowdown.

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