Brasília, Jan 29, 2025 (AFP) - Brazil central bank hikes interest rate as Lula's woes mount

NAMPA / AFP

2025-01-30

Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation. The bank's fourth consecutive increase of the benchmark Selic rate comes amid already high investor concerns over Brazil's ballooning public debt, which is getting ever more costly to service. The interest rate decision was the first taken under t......

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