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Article: Brazil keeps benchmark interest rate to curb inflation

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Xinhua News Agency
Article date:
October 30, 2008
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Brazil keeps benchmark interest rate to curb inflation

BRASILIA, Oct. 29 (Xinhua) -- Brazil's Central Bank decided on Wednesday to keep its benchmark interest rate at 13.75 percent to curb inflation.

The bank's monetary policy committee voted unanimously to preserve the rate at current level during a decision-making meeting Wednesday.

"After studying future economic growth, the committee members thought that it's necessary to keep the benchmark interest rate at 13.75 percent to curb inflation amid current financial ...

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