The Central Bank council agreed unanimously to hold the monetary policy rate at 4.5% in its June meeting.
The decision was made on Tuesday after assessing a macroeconomic scenario with greater uncertainty than usual. The issuing entity noted that the balance of risks for inflation has become more even, although the conflict in the Middle East has not been definitively resolved.
The statement projects a stronger boost from public spending and weaker momentum from household consumption this year. Investment is revised downward, while the unemployment rate is rising amid weak job creation.
The monetary policy rate will be evaluated meeting by meeting. The council reaffirms its goal of bringing inflation to 3% over a two-year horizon.
