Copom keep rates unchanged at 19% per year

BRAZIL - If the economic climate in Argentina is enough to keep the Central Bank in a state of alert, Brazil's weak second quarter GDP data only added to its concerns about the future of the Brazilian economy.

Despite the IMF's additional financial aid for Argentina announced on 21 August, Brazil's Central Bank monetary policy council Copom decided that it is still early to turn off the warning light at its meeting on 22 August and kept interest rates unchanged at 19% per year. The next meeting

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