Brazil holds rates again

Brazil holds rates again

Economy & Policy Capital Markets Regulation Politics Brazil

Brazil's central bank said it has kept its benchmark lending rate at 6.5%, admitting that the economic recovery has not fulfilled predictions. "Recent data on economic activity came in below expectations. Nevertheless, the Brazilian economy remains on a gradual recovery path," the Copom, the bank's monetary policy committee, said in a statement. "The Copom reiterates that economic conditions prescribe stimulative monetary policy, i.e., interest rates below the structural level," it added. Sin

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