Brazil’s Central Bank Keeps Key Rate Steady for First Time in 13 Meetings
BRASÍLIA—Brazil’s central financial institution unexpectedly left its benchmark rate of interest unchanged Wednesday, citing volatility in international monetary markets, and signaled the doable finish to a 19-month streak of charge cuts.
The financial institution left its benchmark Selic charge at a document low of 6.5%, after indicating at its earlier assembly that it will reduce not less than as soon as extra. It was the primary time in 13 conferences that the financial institution didn’t trim the Selic.
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