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Brazil set to maintain key interest rate at 7.25 percent, likely to rise in coming months

AFP
March 7, 2013, 12:47 am TWN

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SAO PAULO -- Brazil's Central Bank is set to keep its key interest rate at a historic low rate of 7.25 percent this week, though it is likely to raise it in coming months to rein in rising inflation, analysts said Tuesday.

The bank's monetary policy committee (Copom) opened its meeting Tuesday but was expected to announce its rate decision late Wednesday after markets close.

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