Brazil c bank holds rates with a downward bias

BRAZIL - Brazil's central bank held its benchmark interest rate unchanged at 18 percent on Wednesday as financial turmoil ahead of October presidential elections continued to batter the currency and fan inflation.

The central bank's Monetary Policy Committee, known as the Copom, shifted to a downward bias on rates, from neutral, due to an "improving environment." That will allow the bank to cut rates between monthly meetings. The next meeting is scheduled for 17-18 September Copom voted unanim

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