BRASILIA, Dec 10 (Reuters) – Brazil’s central bank held interest rates at a nearly two-decade high on Wednesday for the fourth consecutive meeting, and kept its hawkish tone unchanged by stressing the need to maintain borrowing costs steady “for a very prolonged period.”
The bank’s rate-setting committee, known as Copom, unanimously voted to leave the benchmark Selic rate at 15%, its highest since July 2006, as expected by all 41 respondents in a Reuters poll.
(Reporting by Marcela AyresEditing by Brad Haynes)
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