Brazil's central bank stands pat on key interest rate

Brazil's central bank stands pat on key interest rate

BRASíLIA - Brazil's central bank left unchanged Wednesday its benchmark interest rate as Latin America's largest economy remained mired in recession.

An inflated dragon is seen at a protest against outside the Central Bank in Sao Paulo, Brazil on June 7, 2016

The central bank kept the key Selic rate at 14.25 percent, where it has been pegged for a year as the flailing economy struggles with high inflation and falling commodity prices.

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