Following is a translation of the statement by Brazil’s central bank on its interest rate decision today.
“Assessing the macroeconomic situation and the outlook for inflation the Copom decided unanimously to keep the Selic rate at 7.25 percent p.a., without a bias.
The Committee will monitor the evolution of the macroeconomic scenario until its next meeting to then decide the next steps in its monetary policy strategy.
The following board members voted for this decision: President Alexandre Antonio Tombini, Aldo Luiz Mendes, Altamir Lopes, Anthero de Moraes Meirelles, Carlos Hamilton Vasconcelos Araujo, Luiz Awazu Pereira da Silva, Luiz Edson Feltrim and Sidnei Correa Marques.”
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