Brazil’s Inflation at Comfortable Level Says Monetary Council

This is the seventh time in a row, the Copom maintained the benchmark interest rates.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Inflation is at an ‘appropriate and comfortable’ level says Brazil’s Monetary Policy Committee (Copom), which last week decided to keep the country’s benchmark interest rate, the Selic, at 6.5 percent per year, a historical minimum.

"Everyone agreed that the current environment recommends maintaining greater flexibility in conducting monetary policy, which implies refraining from providing indications of its next steps,” read the statement issued on Tuesday by the committee.

The members of the Copom reinforced the importance of emphasizing the commitment to conduct monetary policy in order to . . .

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