INSUBCONTINENT EXCLUSIVE:
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
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