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.

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.
12/11/2012 3:45:47 PM