Banco Central do Brasil decides to increase Selic rate to 10¾%

By Toni Weeks

San Luis Obispo, Calif., Feb. 27 - Banco Central do Brasil's Monetary Policy Committee (Copom) announced that it unanimously decided to increase the Selic rate by 25 basis points to 10¾%. The bank last raised the rate in January by 50 bps to 10½%.

The decision is part of the bank's continuing adjustment process of the basic interest rate that was initiated at the April 2013 meeting.

This month's minutes will be released in Portuguese on March 6.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.