The Central Bank of Brazil left its benchmark lending rate unchanged, but warned again that it is prepared to resume hikes if the country’s inflation doesn’t keep slowing as expected.
The bank’s monetary policy committee, known as the Copom, left its key Selic rate at 13.75% for the second consecutive meeting. The committee had raised the rate at 12 meetings in a row before the September conclave, lifting the Selic from a record low of 2%. The Copom said it is ready to raise rates again if the situation changes.
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