Brazil is another country that raised interest rates after the Fed

Brazil is another country that raised interest rates after the Fed The US Federal Reserve decided to increase the policy rate by 50 basis points yesterday. After the Fed's highest increase in 22 years, many central banks announced that they have decided to increase interest rates. Brazil is another country that raised interest rates after the Fed. Globally rising inflation has alarmed central banks. After 22 years, the Fed increased interest rates at a record rate. Jerome Powell reported that the bank has decided to raise interest rates by 50 basis points. Other nations joined as a result of the decision, which was made in line with market expectations. Finally, the Central Bank of Brazil raised the policy rate to 12.75 percent, an increase of one percentage point. The bank has indicated that interest rate hikes will continue. According to the resolution's text, the bank would continue its strategy until the disinflationary process is strengthened and inflation expectations are anchored.