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Brazil expected to maintain 14.25% interest rate

Brazil's central bank is expected to maintain its benchmark interest rate at 14.25 percent for a sixth consecutive time at a meeting on April 27, 2016, amid stubbornly high inflation and political uncertaintyBrasília (AFP) – Brazil’s central bank was expected to maintain its benchmark interest rate at 14.25 percent for a sixth consecutive time at a meeting Wednesday, amid stubbornly high inflation and political uncertainty. Despite the flailing economy — with a 3.8 percent shrink in GDP last year due to persist through 2016, according to the IMF — the market consensus is that the interest rate seems unlikely to change. Price rises are forecast by the central bank to ease to 6.6 percent this year, then 4.9 percent in 2017 and 4.5 percent in the first trimester of 2018.

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