December 3, 2013 / 2:15 PM / 4 years ago

Brazil's rising interest rates have weighed on growth - Mantega

1 Min Read

SAO PAULO, Dec 3 (Reuters) - Rising interest rates have had some impact on Brazil's disappointing economic growth so far this year, Finance Minister Guido Mantega said on Tuesday.

The Brazilian central bank has raised its benchmark Selic rate by 2.75 percentage points since April, bringing it from an all-time low of 7.25 percent to 10 percent.

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