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Brazil central bank keeps interest rates unchanged at 11 pct
September 3, 2014 / 10:36 PM / 3 years ago

Brazil central bank keeps interest rates unchanged at 11 pct

BRASILIA, Sept 3 (Reuters) - The Brazilian central bank held interest rates steady at 11 percent on Wednesday, ignoring pressure to ease monetary policy to help boost an economy that entered recession just weeks before a closely-contested presidential election.

All 53 economists polled by Reuters expected the central bank’s eight-member monetary policy committee, known as Copom, to keep its benchmark Selic rate at 11 percent for the third straight meeting. (Reporting by Alonso Soto, editing by G Crosse)

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