Brazil | A more dovish Copom redirects its focus to the global environment
Published on Thursday, January 28, 2016
Brazil | A more dovish Copom redirects its focus to the global environment
Summary
The minutes of last week's monetary policy meeting show that Copom is now more concerned about the evolution of the Chinese economy and oil markets, which "can strengthen the scenario of convergence of inflation to the 4.5% target in 2017". The more dovish tone used by the monetary authority supports our view that the Selic will remain unchanged for some further time.
Geographies
- Geography Tags
- Brazil
- Latin America
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Documents and files
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