February 7, 2019 |
Brazil's central bank has kept its benchmark lending rate at 6.5%, saying that inflation rates are "running at appropriate or comfortable levels."
The bank's monetary policy committee, called the Copom, put its inflation projections at 3.9% for 2019 and 3.8% for 2020. It also said it expects the Selic, as the benchmark rate is known, to end the year at 6.5% before rising to 8% next year.
Outside Brazil, the economic outlook remains "challenging," as expectations for higher interest rates in ot
Central bank points to steady inflation projections and keeps its benchmark lending rate at 6.5%