Brazilian CB reduces number of meetings

The Central Bank of Brazil will lengthen the period between its interest rate policy meetings to 44 days from the current 30 days.

The central bank announces that, given the "growing normalization and stability of the country's economic environment, which reduces the necessity for frequent monetary policy decisions", the Bank decided to increase the time interval between meetings of the monetary policy committee, beginning in 2006.

This translates into eight regular meetings per year, instead of

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