Brazilian industry confidence increases due to Selic interest rate cuts

The recent uplift in industrial confidence has been linked to the commencement of cuts in the Selic rate, Brazil’s basic interest rate, and anticipations of further reductions, as per the National Confederation of Industry (CNI). The Industrial Entrepreneur Confidence Index (Icei) recorded a growth of 2.1 points, moving from 51.1 to 53.2, indicating a shift […]

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