Brazil’s central bank ends run of rate cuts after Lula election win

Brazil’s central bank on Wednesday ended a run of ​interest rates cuts that began in March and ‌kept borrowing costs on hold as it faced the prospect of higher inflation following President Luiz Inacio Lula da Silva’s ​reelection. The central bank’s rate-setting committee, Copom, unanimously voted to ​keep its benchmark Selic rate at 13.75%, as…

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