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Banco Central do Brasil once again keeps Selic rate unmoved at 10¾%
By Jennifer Chiou
New York, Sept. 24 - Banco Central do Brasil's Monetary Policy Committee again opted unanimously to keep the Selic rate unchanged at 10¾%, according to a company release.
The committee noted that overall inflation during the first seven months of 2010 reached 3.1% after coming in at zero in June and nearly zero in July.
The bank's committee also said that the inflation forecast for 2010 has decreased, but it still continues above the inflation midpoint target. It stated that the projection for 2010 inflation decreased relative to the figure considered at a July meeting, but continues to be above the 4½% midpoint target established by the National Monetary Council.
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