Brazil's central bank raised its benchmark interest rate by 100 basis points for the second straight meeting on Wednesday and signaled another hike of that size in March, leaving the door open for subsequent moves amid mounting inflationary pressures.

The bank’s monetary policy committee increased the benchmark rate by a full percentage point to 13.25%.

Gabriel Galipolo will chair his first interest rate decision as Brazil’s central bank governor on Wednesday with a clear, well-known mission: the board he now presides will raise the benchmark interest rate by a full percentage point for the second straight meeting.

Singer Patti Smith told The Associated Press by phone that she was fine after collapsing during a presentation in Brazil.

Patti Smith collapsed onstage while performing in Brazil on Wednesday, Jan. 29. She later told fans she was "absolutely fine."

Patti Smith will be dancing barefoot again soon. The 78-year-old rocker told her fans she’s “absolutely fine” after she experienced a “small incident” onstage while performing in Brazil on Wednesday.