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