Thu Mar 6, 2014 6:56am EST

(Reuters) – Inflation in Brazil remains high and authorities should stay vigilant to minimize its risks, according to minutes from the central bank’s last rate-setting meeting released on Thursday.

The central bank raised its benchmark Selic interest rate by 25 basis points to 10.75 percent last week, slowing the pace of monetary tightening to avoid hurting a fragile economy.