Reuters polling had this as the expected outcome of the Banco Central do Brasil policy meeting

  • Bank says interest rate decision was unanimous
  • Says moderate reduction of pace of easing could be appropriate at next meeting given stage of cycle
  • Expects current easing cycle to end gradually
  • Says monetary easing will continue to depend on economic activity, balance of risks, inflation outlook
  • Says current economic situation requires interest rates to stay below structural levels
  • Data suggests gradual economic recovery
  • Global scenario remains very favorable
  • Inflation remains very favorable, with several measures of underlying inflation at low levels