Brazilian economy on the up, minutes show
COPOM, the central bank's rate-setting board, decided unanimously to maintain the Selic rate at 8.75%., the minutes of the 20 and 21 October monetary policy committee meetings show.
The minutes note that domestic economic activity continued to improve since the last rate-setting meeting in September. However, the minutes also note that the contractionary effects of the international financial crisis on the domestic economy could become persistent, but not permanent.
The minutes also show that
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