Brazil's central bank opted to leave rate unchanged at 11%, "at this moment"

Brazil's central bank opted to leave rate unchanged at 11%, “at this moment”

Thursday, May 29th 2014 - 05:51 UTC

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Brazil left its benchmark interest rate unchanged on Wednesday. In a unanimous decision, the central bank's monetary policy committee, Copom, kept the Selic rate at 11%, breaking a streak of nine consecutive hikes as expected by a majority of analysts and market traders. Read full article

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ChrisR
Dithering never defeatsthe problem(s) and this is simply dithering while Mr. Market is poised to act.
May 29th, 2014 - 07:59 pm - Link - Report abuse 0
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