The Brazilian Senate has approved a summons for the president of the Central Bank, Roberto Campos Neto, to provide an explanation for the country's current annual basic interest rate of 13.75 percent, considered the highest real rate globally.The request was endorsed by the Senate Economic Affairs Committee after the Central Bank's Economic Policy Committee decided to maintain the interest rate at 13.75 percent, citing concerns about potential inflationary pressures beyond their control.Campos Neto, appointed by former President Jair Bolsonaro and holding a parliamentary mandate until 2024, has faced calls for resignation from President Luiz ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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