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Brazil Interest Rate 11.25% vs. 11.00% forecast

Published 10/29/2014, 06:30 PM
Updated 10/29/2014, 06:30 PM
Brazil Interest Rate 11.25% vs. 11.00% forecast

Brazil Interest Rate 11.25% vs. 11.00% forecast

Investing.com - Brazil's central bank raised its benchmark interest rate to 11.25% on Wednesday, surprising investors.

The bank said the balance of inflation risks has become less favorable since its last rate-setting meeting in early September due to adjustments in relative prices.

Analysts had expected Brazilian Interest Rate Decision to remain unchanged at 11.00% last month.

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