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BCB-Copom raises the Selic rate to 10.50 percent

January 17, 2014

ENP Newswire - 17 January 2014 Release date- 15012014 - Continuing the adjustment process of the basic interest rate, initiated at the April 2013 meeting, the Copom unanimously decided, at this moment, to increase the Selic rate by 0.50 p.p., to 10.50 percent, without bias. The following members of the Committee voted for this decision: Alexandre Antonio Tombini (Governor), Aldo Luiz Mendes , Altamir Lopes , Anthero de Moraes Meirelles, Carlos Hamilton Vasconcelos Araujo , Luiz Awazu Pereira da Silva , Luiz Edson Feltrim and Sidnei Correa Marques . The January Copom Minutes will be released in Portuguese next Thursday, January 23 .

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Source: ENP Newswire

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