Brazil central bank holds rates steady | 2019-03-22 | daily-sun.com

Brazil central bank holds rates steady

22 March, 2019 12:00 AM printer

BRASILIA: Brazil’s interest rates remained unchanged Wednesday after the central bank held its first monetary policy meeting under its new chief Roberto Campos Neto.

The central bank’s unanimous decision — only the second since pro-business President Jair Bolsonaro took power in January on a promise to revive Latin America’s biggest economy — to keep rates at 6.5 percent was in line with market expectations, reports AFP.

Rates have been at the historic low for a year and the bank gave no indication of plans to cut them any time soon despite slowing growth.


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