Brazil's central bank holds interest rates as expected, keeps hawkish tone

BY Reuters | ECONOMIC | 12/10/25 04:44 PM EST

BRASILIA, Dec 10 (Reuters) - Brazil's central bank held interest rates at a nearly two-decade high on Wednesday for the fourth consecutive meeting, and kept its hawkish tone unchanged by stressing the need to maintain borrowing costs steady "for a very prolonged period." The bank's rate-setting committee, known as Copom, unanimously voted to leave the benchmark Selic rate at 15%, its highest since July 2006, as expected by all 41 respondents in a Reuters poll. (Reporting by Marcela Ayres Editing by Brad Haynes)

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