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Reuters

Reuters

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World

Economists ramp up projections for Brazil's interest rates to above 15%

Reuters
Summary
Nutrition label

81% Informative

Economists have launched a fresh wave of upward revisions to projections for Brazil 's interest rate this year .

Citi on Tuesday forecast rates to peak at 15.50% in June , following similar moves by Itau , XP and Santander.

The adjustments have been gaining momentum since late last year , after leftist President Luiz Inacio Lula da Silva's administration unveiled a fiscal control package.

VR Score

92

Informative language

99

Neutral language

67

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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