Central Banks

Brazil Central Banker Says Higher Interest Rates Are Working

Brazil’s annual inflation accelerated in March for a second straight month, to 5.5%.
Photographer: Gustavo Minas/Bloomberg

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By Martha Beck and Franco Dantas

April 23, 2025 at 4:03 PM UTC

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Economic activity and credit data show that higher rates are working in Brazil, according to the central bank’s director of monetary policy Nilton David.