Brazil's Central Bank holds interest rate steady at 10.5% amid inflation pressure

BRASILIA, 1st August 2024 (WAM) -- Brazil's central bank held its interest rate steady for the second consecutive meeting. Policymakers voted unanimously to keep the benchmark rate, known as the Selic, unchanged at 10.5% on Wednesday, Bloomberg reported.

In June, Brazil's central bank halted the interest rate cuts that had been in place for nearly a year. Recently, the government has called for