Published on Thursday, April 30, 2015
Brazil | Another 50bp hike in the SELIC to rein in 2016 inflation expectations
Summary
The Monetary Policy Committee (COPOM) decided to adjust up the SELIC rate by 50bp, as in its three previous meetings. By maintaining the adjustment pace unchanged in spite of the signs of sharp deceleration in economic activity, the monetary authority tries to convince markets that it will be able to make inflation to converge to 4.5% at the end of 2016.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
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- Macroeconomic Analysis
- Central Banks
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Authors
ED
Enestor Dos Santos
BBVA Research - Principal Economist