Stênio Ribeiro          Reporter Agência Brasil

Brasília – The Monetary Policy Committee (“Copom”) of the Central Bank unanimously decided to raise Brazil’s benchmark interest rate, the Selic (“a taxa básica de juros”), from 12.25% to 12.50% per year. It was the fifth consecutive increase this year and has raised the Selic to the highest level since January 2009.

In a note at the end of last night’s meeting, differently from all its recent notes, Copom did not mention the existence of a “prolonged horizon” for further increases. And that has led some, but not all, market observers to believe that maybe the series of interest rate increases is at an end.

Allen Bennett – translator/editor The News in English

Link - Copom eleva taxa de juros para nível mais alto desde janeiro de 2009