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Financial institutions surveyed by the Brazilian Central bank believe that the benchmark interest rates will go up 0.5 percentage point in the next meeting of the Monetary Policy Committee and will close the year at 14.25%.

Founded by a Lebanese, Brasil Supermarket already has two stores in the Arab country, in the cities of Riyaq and Chtaura. The clients will find food, drinks and clothing from Brazil and even have services in Portuguese.