The Brazilian Central Bank on Wednesday voted to hold its base interest rate steady at 14.25 percent. It was the fifth hold order in a row by the bank. The base rate has remained stable since June of 2015. But Wednesday’s vote was not unanimous. Two members of the bank’s monetary policy panel voted for a half-point hike in the base rate to 14.75 percent while six voted to hold. Brazil is fighting both inflation, currently running at 10.7 percent, and a two-year recession.
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