Reuters: US Dollar Report: Brazil central bank signals it to hold rates steady - minutes

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Brazil central bank signals it to hold rates steady - minutes Dec 6th 2012, 10:42 SAO PAULO | Thu Dec 6, 2012 5:42am EST SAO PAULO Dec 6 (Reuters) - Brazil's central bank believes keeping interest rates steady is the best monetary policy going forward, minutes of the bank's last rate decision meeting said on Thursday, suggesting policymakers have no plans for more rate cuts anytime soon. The central bank ended a year-long rate-cutting cycle on Nov. 28, leaving its Selic rate unchanged at a record-low 7.25 percent as it seeks to keep a lid on inflation despite doubts over the pace of recovery in the world's No 6 economy.

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