Brazil to maintain record low rates, debate turns to more easing: Reuters poll

Brazil’s central bank will keep its benchmark interest rate anchored at a record low later this week, and probably keep it there for the rest of this year, according to a Reuters poll of economists.

The central bank’s policy-setting committee (Copom) has held its Selic interest rate at 6.50 percent since March last year, and is likely to remain patient for several more months while it assesses the economic and political outlook.

The focus may even be shifting, however slowly, to whether the central bank’s next move might be a rate cut rather than a hike.

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