Brazil leaves Selic rate unchanged at 13.75%

By Richard Connell

New York, Dec. 11 - The Banco Central do Brasil held its basic Selic interest rate unchanged at 13.75% at its meeting on Wednesday, according to a release issued by the bank.

The board of the Brazil central bank examined the possibility of a rate cut based on the uncertainty continuing in the economic environment before deciding unanimously to maintain the Selic rate at 13.75%.

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