Ending more than a year-long string of rate cuts which brought the Selic down more than 500...

|By:, SA News Editor

Ending more than a year-long string of rate cuts which brought the Selic down more than 500 basis points, Brazil's central bank leaves its benchmark rate unchanged at 7.25%, and says it will keep rates stable "for a prolonged period." Shares have thus far not responded to the easier policy, EWZ -10.2% YTD.