Brazil holds rates on higher international volatility

The Central Bank of Brazil
Photo: Central Bank of Brazil

The monetary policy committee of the Central Bank of Brazil kept rates unchanged after its meeting on October 31.

Rate-setters voted unanimously in favour of leaving the key Selic rate at 6.5%.

In the policy statement, the central bank stresses the economic recovery continues, but at a somewhat slower pace than was forecast earlier this year.

“The external scenario remains challenging, with risk appetite in relation to emerging economies below the level prevailing at the beginning of the year

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