Brazil keeps key rate steady at 6.5 percent

  • news digest

Feb 8, 2019-

Brazil’s central bank on Wednesday kept its key rate steady at a historically low 6.5 percent, showing caution as President Jair Bolsonaro’s government readied structural reforms meant to boost the economy. The decision adopted unanimously by the bank’s Monetary Policy Committee aligned with forecasts by most analysts. In a statement, the committee said that it has seen a “reduction of inflationary risks” since its last meeting in December. But it said international context remained “challenging” and that obstacles to the anticipated reforms could “elevate the inflationary trajectory.” It said it intended to act with “prudence, serenity and perseverance”. The central bank has kept is key Selic rate unchanged at 6.5 percent since March 2018. 

Published: 08-02-2019 13:36

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