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Lula’s R$180 Billion Stimulus Battles High Selic Rate, Creating Fiscal-Monetary Showdown in Brazil
PoliticsAug 17

Lula’s R$180 Billion Stimulus Battles High Selic Rate, Creating Fiscal-Monetary Showdown in Brazil

The Brazilian government's election-year fiscal push is clashing with the Central Bank's restrictive 14.00% Selic rate.