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Banco Central do Brasil decides to maintain the Selic rate at 7¼%
By Tali David
Minneapolis, March 7 - Banco Central do Brasil's Monetary Policy Committee (Copom) announced that after assessing the macroeconomic outlook and the inflation prospects, it has decided to maintain the Selic rate at 7¼%, without bias.
The committee, which voted unanimously to maintain the rate, said it will monitor the evolution of the macroeconomic scenario until its next meeting in order to define the next steps in its monetary policy strategy.
The meeting minutes will be released on March 14.
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