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Stock impact report

Brazil Central Bank Hikes Interest Rate to 10.75% as Economy Runs Hot [Yahoo! Finance]

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) 
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: itau.com.br/investor-relations
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Policymakers raised the benchmark Selic to 10.75% late Wednesday in an unanimous vote. The decision was expected by 31 of 35 economists in a Bloomberg survey. Two others forecast a bolder, half-point hike, and the remaining two estimated no change. The bank refrained from providing specific guidance about its next moves. “The pace of future adjustments of the interest rate and the total magnitude of the cycle that just started will be determined by the firm commitment of reaching the inflation target and will depend on the inflation dynamics,” policymakers wrote in a statement accompanying their decision. The central bank led by led by Roberto Campos Neto became the first to increase borrowing costs in Latin America, after halting its easing cycle in June and strucking a tougher tone on inflation in the following months. Higher public spending and a tight labor market are underpinning both consumption and price pressures. Analysts see cost-of-living r Show less Read more
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