"Despite the more favorable behavior of the inflation rate in the country, risks and uncertainties associated with the internal and external economic context prevail, recommending prudence and stability in the conduct of monetary policy", reads the note released at the end of the Monetary Policy Committee (CPM) meeting.
"The CPM decided to keep the base interest rate (BNA Rate) at 20 percent, the Permanent Liquidity Lending Facility interest rate at 25 percent, the Permanent Liquidity Absorption Facility interest rate at 15 days percent and the mandatory reserve ratios at 22 percent," the statement said.
In addition, the CPM "decided to relax the foreign exchange position limit of commercial banks, changing it from 5 to 10 percent.
