221th Meeting of the Monetary Policy Committee (“Copom”) of the Central Bank of Brazil Press Release

The Central Bank of Brazil's Monetary Policy Committee unanimously kept the Selic rate at 6.50%. The committee said recent economic activity data came in below expectations, while the economy remains on a gradual recovery path.

Its inflation projections assume the Selic ends 2019 at 6.5% and rises to 7.75% during 2020.