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Brazil’s central bank keeps interest rates at record low 6.50 pct

Brazil’s central bank keeps interest rates at record low 6.50 pct

BRASILIA: Brazil’s central bank held interest rates at a record low on Wednesday as expected, and signaled that relatively muted inflationary pressures could keep them there for some time.

The bank’s nine-member monetary policy committee, known as Copom, voted unanimously to keep the benchmark Selic rate at 6.50 percent for the seventh straight meeting, as predicted by all 28 economists in a poll.