August 31, 2016 / 9:12 PM / a year ago

Brazil central bank holds rates at 14.25 pct as expected

BRASILIA, Aug 31 (Reuters) - Brazil’s central bank kept interest rates steady for the ninth straight time on Wednesday, leaving borrowing costs high to battle inflation that has failed to subside despite a crippling recession.

In a unanimous vote, the bank’s monetary policy board decided to maintain its benchmark Selic rate at 14.25 percent, its highest in a decade. An overwhelming majority of analysts and traders expected the bank to leave rates unchanged. (Reporting by Alonso Soto; Editing by Bill Rigby)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below