Copom holds Selic at 19.75% with no bias

The monetary policy committee of the Brazilian central bank announced Wednesday 17 August after its two-day meeting that, as expected, it is holding Selic (base rate) unchanged at 19.75% annually with no bias.

This is the third time the Selic has been frozen after nine consecutive months of interest-rate hikes that boosted the rate by a total of 375 basis points.

"Evaluating prospects for the trajectory of inflation, Copom has unanimously decided to maintain the Selic rate at 19.75% with no bia

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