BRASILIA, Oct 26 (Reuters) - Brazil's central bank on Wednesday held interest rates at a nearly six-year high for the second policy meeting in a row, noting that economic growth seems to be slowing but inflation remains high.
In their statement of Wednesday's rate decision, Copom said indicators since their September meeting suggested "more moderate" economic growth in Brazil, but consumer inflation remains "high."
In one of the few changes to the statement, the central bank indicated that 2023 and 2024 are now equally weighted on its policy horizon.
Policymakers held their inflation outlook for this year unchanged at 5.8%, but raised their forecast for next year to 4.8%, from 4.6% last month, compared to a 3.25% target.
After a law established the formal autonomy of the central bank last year, central bank chief Roberto Campos Neto is set to serve out his term through 2024, regardless of the election's result.