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Non-Tech : The Brazil Board

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From: elmatador	9/15/2022 1:56:17 AM
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While the U.S. and European markets are just now feeling the sting from higher prices, Brazil ended last year as one of the worst-performing markets as the country battled double-digit inflation. Corporate earnings took a hit. Brazil’s central bank raised interest rates over the past 18 months from 2% in early 2021 to 13.75%. That has put it far ahead of its U.S. and European counterparts and closer to the end of its rate hike cycle, with possible cuts coming later this year or next. https://www.siliconinvestor.com/readmsg.aspx?msgid=33998663

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