BRASILIA Dec 21 Brazil's National Monetary
Council kept the interest rate at which state development bank
BNDES pegs its loans unchanged for the fourth straight quarter.
The CMN, as Brazil's highest economic body comprised of the
finance and planning ministers and central bank president, said
the TJLP rate will remain at 7.50 percent in the
first quarter of 2017. The government has raised the TJLP by 250
basis points over the last two years.
(Reporting by Marcela Ayres; Editing by Chris Reese; Writing by