Brazil Central Bank Copom Statement on Rate Decision

Following is a translation of the statement by Brazil’s central bank on its interest rate decision today.

“Taking into account the progress of the macroeconomic scenario and the inflation outlook, the Copom decided unanimously to keep the Selic at 11% a year, without bias.”

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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