BRASILIA, Jan 28 (Reuters) - Brazil’s central bank believes global economic uncertainties have increased, but it remains determined to curb inflation this year and next, according to the minutes from its last rate-setting meeting showed on Thursday.
In a split vote, the central bank’s eight-member monetary policy committee, known as Copom, surprised markets last week by keeping its benchmark Selic rate at 14.25 percent after signaling an increase to rein in prices. Two Copom members voted to raise the Selic to 14.75 percent.
The controversial decision raised suspicions of political interference by President Dilma Rousseff, who opposed a rate increase out of fear it could hamper her government’s plans to jumpstart the economy. (Reporting by Alonso Soto and Silvio Cascione; Editing by Gareth Jones)