Brazil leaves interest rates unchanged

BRAZIL - Brazil's central bank has said it will leave interest rates unchanged at 18% until after the forthcoming presidential election, following fresh concerns over the country's economy.

The bank said the outlook was still one of "volatility and uncertainty" as the left-wing candidate Luiz Inacio Lula de Silva surged ahead in opinion polls.

Despite a $30.4bn loan from the International Monetary Fund in August, Brazil is still struggling under the weight of its $260bn debt.

Analysts say the

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