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Senate Committee Vote To Hear BCB's  Campos Neto On High Selic Rate

BRAZIL
  • BRAZIL SENATE COMMITTEE APPROVES INVITE CAMPOS NETO TO HEARING (BBG)
  • Senators were scheduled to vote today on whether to ask BCB President Roberto Campos Neto to explain to the chamber the current high interest rates.
  • Worth noting that while the administration has eased pressure on the central bank to cut rates recently, Estado reported that the Workers’ Party President Gleisi Hoffmann said Campos Neto should be ashamed and leave.

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