BRASILIA, April 25 All of Brazil's central bank
board members agreed on the need to raise interest rates to
fight the risks of future inflation, according to the minutes
released Thursday of the bank's last rate-setting meeting.
At its April 17 meeting the central bank decided in a split
vote to raise its benchmark Selic rate by 25 basis points to
7.50 percent. Two of the 8-member monetary policy committee,
known as Copom, voted to keep rates unchanged.
In the minutes, the bank said those two members believed
that an immediate rate hike was not recommendable yet.
"The Copom notes that in times like this, monetary policy
must remain specially vigilant in order to minimize risks of
high levels of inflation," the bank said in the minutes.