Brazil leaves rates unchanged

Brazil's central bank has left its interest rate unchanged at 16 per cent, according to Bloomberg. The rate was cut several times following its peak of 26.5 percent in June 2003, but it has been held at 16 percent since April, amid concerns that inflation is accelerating.

Inflation is currently at 6.8 per cent, above the government's target of 5.5 per cent, with pressure coming from high oil prices and Brazil's strengthening economic recovery.

A Bloomberg News survey of economists found a majority

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.