Brazil decides to hold its benchmark rate close to record low

Note: This section contains information in English only.
Source: Bloomberg
Brazil's central bank announced it will stick to current borrowing rate, close to 18-months record low as policy makers expects country inflation to slow around 4.5% in 2012. Decelerating global economy indicates inflation will keep fading in Brazil, said central bank's officials. Therefore it is likely Brazil will keep its interest rates near record lows at 9.75%.
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