March 20, 2019 / 9:10 PM / 3 months ago

Brazil central bank keeps interest rate at 6.50 pct as expected

BRASILIA, March 20 (Reuters) - Brazil’s central bank kept its benchmark interest rate at a record low 6.50 percent on Wednesday, as expected, in the first policy decision presided over by new bank chief Roberto Campos Neto.

The bank’s nine-member monetary policy committee, known as Copom, voted unanimously to keep the benchmark Selic rate unchanged for the eighth straight meeting, as forecast by all 21 economists in a Reuters poll. (Reporting by Jamie McGeever; Editing by Richard Chang)

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