Brazil central bank signals it to hold rates steady - minutes
SAO PAULO Dec 6 (Reuters) - Brazil's central bank believes keeping interest rates steady is the best monetary policy going forward, minutes of the bank's last rate decision meeting said on Thursday, suggesting policymakers have no plans for more rate cuts anytime soon.
The central bank ended a year-long rate-cutting cycle on Nov. 28, leaving its Selic rate unchanged at a record-low 7.25 percent as it seeks to keep a lid on inflation despite doubts over the pace of recovery in the world's No 6 economy.
- Malaysia says no evidence missing plane flew hours after losing contact |
- Russia holds war games near Ukraine; Merkel warns of catastrophe |
- Rescuers seek survivors of NY building collapse; seven dead
- White House tried to mediate dispute between Senate, CIA panel: source
- Missing jet may have strayed to west, Malaysia military says |