Brazil's central bank keeps key interest rate at 14.25%
Brazil's central bank
Brasília - Arab Today
Brazil's Central Bank kept its key interest rate at 14.25 percent Wednesday after seven consecutive hikes aimed at holding back soaring inflation.
The decision came as no surprise. A weekly Central Bank survey of 100 economists on Tuesday said that further raising the rate would not help Brazil's steep economic slowdown.
The bank said the decision Wednesday by its monetary policy committee was unanimous.
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