BRASILIA, May 3 (Reuters) - Brazil's central bank on
Wednesday held interest rates at a sixth consecutive policy
meeting and said it was "less likely" to resume hikes, in its
first rate decision after the government proposed its
long-awaited new fiscal rules.
The bank's rate-setting committee, known as Copom, held its
benchmark Selic interest rate at a six-year high of 13.75%. All
40 economists polled by Reuters had expected the rate to remain
unchanged.
(Reporting by Marcela Ayres
Editing by Brad Haynes)
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