By Gabriel Burin

BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its key rate unchanged at 15% in a meeting on September 17 amid persistently high inflation pressures, a Reuters poll showed.

It would be the second consecutive time the bank stands pat after its last decision in July when policymakers halted a tightening cycle that added 450 basis points in rate hikes since September 2024.

They are expected to maintain a cautious strategy that confounded some analysts who until recently had anticipated Banco Central do Brasil (BCB) to have turned more dovish by now.

The bank’s monetary policy committee, known as Copom, will keep the Selic rate at 15% on September 17, according to all 41 economists polled September 8-12.

“Although the central bank has made progress in bring

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