Brazil leaves key interest rate unchanged at 14.25% for the fifth time running

Thursday, March 3rd 2016 - 05:03 UTC

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Brazil's central bank kept interest rates on hold on Wednesday as widely expected, opting to avoid inflicting more harm on an economy mired in its worst recession in decades despite a surge in inflation. In a split vote, the bank's monetary policy committee, Copom, kept its benchmark Selic rate at 14.25% for the fifth straight time. Read full article

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Recovery Eludes Brazil Economy After Biggest Dive in 25 Years:
http://www.bloomberg.com/news/articles/2016-03-03/brazil-s-economy-shrinks-less-than-forecast-in-fourth-quarter
Mar 03rd, 2016 - 09:05 pm - Link - Report abuse 0
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