"Take your zero interest rate and shove it" is something the Brazilian central bank didn't say
Here are the real headlines from the Central Bank of Brazil, via Reuters:
- Holds benchmark interest rate at 14.25 percent
- Removes reference to "lower inflation to target at end of 2016" from statement
- Says keeping rates at current levels for sufficiently prolonged period is necessary to lower inflation towards target in a relevant horizon for monetary policy
- Says monetary policy to remain vigilant to meet inflation goal
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No change to the benchmark rate was the expected outcome
