
BRASILIA, Dec 16 (Reuters) - Brazil's central bank highlighted on Tuesday its growing confidence in the disinflation process, noting that its restrictive monetary policy has played "a decisive role in the observed disinflation."
In the minutes of its December 9-10 policy meeting, where it kept the Selic interest rate unchanged at 15% for the fourth straight time, the bank said the labor market is currently at a very tight level, but showing early signs of slowdown.