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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Brazil's central bank on Wednesday raised its benchmark interest rate for the second time in a row by another 75 basis points to 3.5 percent as it tries to curb inflation, in an economy that has been hit hard by the coronavirus pandemic. The decision, which was unanimous, was in line with analyst expectations, and had been signaled by the bank's monetary policy committee in March, when they raised rates for the first time in six years. The committee indicated Wednesday that another rate hike of the same size was likely at the next meeting, set for mid-June. Latin America's biggest economy initially weathered the Covid-19 economic meltdown relatively well, better than its neighbors, thanks to its low interest rate of two percent, but policymakers have been nervous about rising prices. Following the interest rate hike, officials announced in April that Brazil's annual inflation rate hit 6.1 percent in March, breaking through the 5.25 percent ceiling of the central bank's target range. The central bank now must find the balance to make sure that raising rates to curb inflation does not keep the economy from a much-needed recovery. lg/sst/caw
schema:headline	Brazil's central bank raises interest rate to 3.5%
schema:mentions	Latin America Interest rate Inflation Pandemic Brazil Coronavirus Coronavirus disease 2019 Monetary Policy Committee (United Kingdom) Supersonic transport Canadian Auto Workers
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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