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Brazil central bank to stay vigilant, inflation resistant-minutes
January 23, 2014 / 10:47 AM / 4 years ago

Brazil central bank to stay vigilant, inflation resistant-minutes

BRASILIA, Jan 23 (Reuters) - Brazil’s central bank sees inflation remaining elevated this year and policymakers will remain especially vigilant, according to minutes from the bank’s last rate-setting meeting released on Thursday.

The central bank raised its benchmark Selic interest rate by 50 basis points to 10.50 percent last week to battle a spike in inflation, but signaled it may slow the pace of its monetary tightening ahead. (Reporting by Alonso Soto, Silvio Cascione and Anthony Boadle Editing by W Simon)

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