Brazil’s central bank held the line against inflation on Wednesday night in spite of signs of a concerning slowdown in economic growth and mass political protests that swept the country last month.
The central bank’s monetary policy committee, Copom, increased the benchmark Selic rate by 50 basis points to 8.5 per cent, its third consecutive increase bringing the total rise since it started tightening in April to 125 basis points.
“Copom evaluates that this decision will put inflation in decline and ensure this trend persists into next year,” the committee said in a brief statement.
「コムポは、この決断がインフレを低下させ、本傾向が来年も継続することを確認すると評価」したと、同委員会が手短な声明において発表した。