Brazil holds rates at 15% with hawkish guidance
Rate-setters say they would “not hesitate to resume” hiking cycle if necessary
The Central Bank of Brazil (BCB) has again held its policy rate at 15%, as its restrictive stance begins to take effect on the country’s economy.
The BCB’s monetary policy committee, known as Copom, reached the decision unanimously on September 17. This was the second consecutive meeting at which the committee voted to hold.
“Regarding the domestic scenario, the set of indicators on economic activity continues to show some moderation in growth, as expected, but the labour market is still showing
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