Brazil Rolls Out Stimulus Measures as Economy Gains Speed

Brazil's government is rolling out stimulus measures so swiftly the economy is gaining speed despite some of the world's highest inflation-adjusted interest rates. The measures include additional public spending and targeted credit programs. Government data show gross domestic product rose in the most recent quarter while the central bank maintained its benchmark rate above 10 percent.

Brazil's inflation-adjusted policy rate remains among the highest of major economies. The central bank has kept borrowing costs elevated to contain price pressures that have persisted above the official target.

Officials have not announced an end date for the current stimulus round. Further fiscal announcements are expected in the coming weeks.