COPOM Maintains Selic Rate at 7.25%

The Central Bank of Brazil Monetary Policy Committee (COPOM)unanimously decided to maintain the Selic rate at 7.25 percent on November 28th.
contact@tradingeconomics.com 12/11/2012 3:45:47 PM
Considering the balance of risks for inflation, the domestic activity recovery and the complexity that surrounds the international environment, the Committee 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.
Since October 2011, COPOM has slashed interest rates by 5.25 percentage points, to 7.25 percent.

COPOM Maintains Selic Rate at 7.25%