Brazil Central Bank won't hesitate to hike interest rate if needed

BRASILIA, 6th August, 2024 (WAM) -- Brazil's central bank said it will not hesitate to hike the benchmark interest rate due to a more challenging inflation outlook in Latin America's largest economy, Bloomberg reported on Tuesday.

The committee "unanimously reinforced that it will not hesitate to raise the interest rate to ensure inflation convergence to the target if it deems it appropriate," central bankers wr