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Brazil's central bank holds Selic rate at 14.25%

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Brazil's central bank holds Selic rate at 14.25%

said itsmonetary policy committee, known as Copom, decided unanimously to maintain itsSelic rate at 14.25%, marking the sixth consecutive meeting in which thebenchmark rate remained unchanged.

The centralbank noted that it was left with no room for policy flexibility given both thehigh levels of inflation in Brazil during the last 12 months and long-terminflation expectations for the future.

Reuters andthe Financial Times reported thatthis could be the current committee's final decision on rates with Brazilpossibly headed toward a new government if President Dilma Rousseff isimpeached.