Brazil's central bank holds benchmark interest rate at 2.00%, as expected

09/16/2020 | 05:29pm

BRASILIA, Sept 16 (Reuters) - Brazil's central bank kept its benchmark interest rate at a record-low 2.00% on Wednesday, as expected, and reiterated its "forward guidance" pledge to keep borrowing costs low for a long time to support the economy in its post-coronavirus recovery.

The bank's rate-setting committee said its decision was unanimous and repeated its view that room for further easing is extremely limited. Thirty-seven of 38 economists polled by Reuters predicted the decision to stand pat, and one called for a cut to 1.75%. (Reporting by Jamie McGeever Editing by Chris Reese)

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