Brazil central bank sees muted effect of currency slump on inflation

Brazil central bank sees muted effect of currency slump on inflation

Chamber Articles Category: Economic News Post Date: 09/25/18 Source: Nasdaq By: Bruno Federowski and Marcela Ayres
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BRASILIA, Sept 25 (Reuters) - The Brazilian real's slide to near all-time lows has had only limited impact on prices even as core inflation accelerates to "appropriate levels," the central bank said on Tuesday, suggesting it was in no rush to raise interest rates.

The bank last week kept the benchmark Selic interest rate at a record low of 6.50 percent at its last meeting before a pivotal presidential vote next month, but said it could gradually raise it if the inflation outlook worsens. Read Full Article