Banco Central do Brasil decides to maintain the Selic rate at 7¼%

By Tali David

Minneapolis, Nov. 29 - Banco Central do Brasil's Monetary Policy Committee (Copom) announced that considering the balance of risks for inflation, the domestic activity recovery and the complexity that surrounds the international environment, it has decided to maintain the Selic rate at 7¼%, without bias.

The committee, which voted unanimously to maintain the rate, said it understands that the stability of monetary conditions for a sufficiently long period of time is the most adequate strategy to guarantee the convergence of inflation to the target, even in a non-linear way.

The committee said that the meeting minutes will be released on Dec. 6.

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