People are reflected on the glass as they read a board showing the Real-U.S. dollar and several foreign currencies exchange rates in Rio de Janeiro Brazil June 8, 2018. REUTERS/Ricardo Moraes
September 19, 2018
BRASILIA (Reuters) – The Brazilian central bank on Wednesday held interest rates at an all-time low despite a currency selloff, as widely expected, but said it could “gradually” raise them in the future if the outlook for inflation worsens.
The bank’s nine-member monetary policy committee, known as Copom, kept the benchmark Selic rate at 6.50 percent for a fourth straight meeting, the last before a pivotal presidential vote in October. All but one of 40 economists polled by Reuters had expected the bank to stand pat. [BR/INT]
(Reporting by Bruno Federowski and Marcela Ayres; Writing by Bruno Federowski; Editing by Christian Plumb)
