May 22, 2018 / 11:21 AM / a year ago

Brazil central bank weighed rate cut before opting to hold -minutes

BRASILIA, May 22 (Reuters) - Brazil’s central bank considered cutting interest rates last week, but ultimately decided to leave them untouched due to potential inflationary pressure stemming from a weak currency, the minutes of its last policy meeting showed on Tuesday.

The bank last week unexpectedly kept the benchmark Selic rate at an all-time low of 6.50 percent, ending the deepest easing cycle in a decade and contradicting widespread expectations of a 25 basis-point cut. (Reporting by Bruno Federowski and Marcela Ayres)

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