Copom Maintains the Selic Rate at 7.25

The Monetary Policy Committee of Central Bank of Brazil decided on January 17th to maintain its benchmark interest rate at 7.25 percent, without bias.

Considering the balance of risks for inflation, which deteriorated in the short term, the domestic activity recovery, less intense than expected, and the complexity that still 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.
2/11/2013 3:20:00 PM