Brazil central bank holds interest rates, signals easing in March

SAO PAULO, Jan 28 (Reuters) - Brazil's central bank held interest rates at a near two-decade high on Wednesday and signaled it would begin cutting them at its next meeting in March, noting the importance of "serenity regarding the pace and the magnitude of the easing cycle."

The bank's rate-setting committee, known as Copom, unanimously voted to leave the benchmark Selic rate at 15%, its highest since July 2006, in line with expectations from 32 of 35 economists polled by Reuters.