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Prospect News home > News index > List of issuers B > Headlines for Banco Central do Brasil > News item
Published on 1/22/2015 in the Prospect News Emerging Markets Daily.

Banco Central do Brasil increases Selic rate by 50 bps to 12¼%

By Angela McDaniels

Tacoma, Wash., Jan. 22 – Banco Central do Brasil’s Monetary Policy Committee (Copom) unanimously decided to increase the Selic rate to 12¼% from 11¾%, according to a news release from the bank.

The committee cited the macroeconomic scenario and inflation prospects in making its decision.

Copom increased the rate to 11¾% from 11¼% in December, to 11¼% from 11% in October and to 11% from 10¾% in April 2013.

The January meeting minutes will be released in Portuguese on Jan. 29.


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