BRASILIA, Sept 6 There is no single determinant
factor that will prompt the Brazilian central bank to cut
interest rates as inflation remains persistently high, the bank
said in the minutes of its last rate-setting decision meeting,
released on Tuesday.
Last week, the bank kept its benchmark Selic rate steady to
14.25 percent for the ninth straight time in a bid to lower
inflation that is near 9 percent. The bank then said a rate cut
would depend on factors that included the persistence of food
price shocks, uncertainty around fiscal adjustment measures and
a pick up in disinflation.
(Reporting by Alonso Soto and Silvio Cascione)