Brazil’s Central Bank Caution to Avoid ‘Abrupt’ Policy Reversion

 Brazil’s central bank said its cautious stance will reduce the risk of an “abrupt” reversion of policy in the future.

Policy makers released the minutes of their Sept. 1-2 meeting on the central bank’s Web site.

The bank kept the benchmark interest rate unchanged at a record low of 8.75 percent, after having cut the so-called Selic rate by at least half a point in the previous five meetings.