Brazil central bank sees inflation high despite moderation-minutes
RIO DE JANEIRO, March 6 (Reuters) - Inflation in Brazil remains high despite moderation at the margin and authorities should stay vigilant to minimize its risks, according to minutes from the central bank's last rate-setting meeting released on Thursday.
The central bank raised its benchmark Selic interest rate by 25 basis points to 10.75 percent last week, slowing the pace of monetary tightening to avoid hurting a fragile economy. (Reporting by Asher Levine, Silvio Cascione, Brad Haynes; Writing by Alonso Soto; Editing by Alison Williams)
© Thomson Reuters 2017 All rights reserved.