Brazil central bank holds interest rates, flags fiscal risks

Kitco Media
By Reuters
Published:
Updated:
Reuters
BRASILIA, Feb 1 (Reuters) - Brazil's central bank on Wednesday held interest rates steady at a fourth straight policy meeting, while signaling a more cautious stance due to fiscal risks in its first policy decision since the inauguration of President Luiz Inacio Lula da Silva. The bank's rate-setting committee, known as Copom, left its Selic benchmark interest rate at 13.75%, as expected by all 30 economists in a Reuters poll. (Reporting by Marcela Ayres Editing by Brad Haynes)

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