Brazil cenbank sees no rate cut, worried with high inflation
EghtesadOnline: Brazil's central bank believes there is no room to cut interest rates as inflation remains persistently high and expectations have failed to drop despite a recession, according to the minutes of the bank's last rate-setting meeting released on Tuesday.
The central bank left its benchmark Selic rate steady at 14.25 for the eight straight time last week as expected, but changed its decision statement completely to detail the risks to its inflation outlook.
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