Published on Tuesday, July 19, 2011
Brazil Economic Watch: ”CB adjusts the SELIC up by 25bps and signals the monetary tightening cycle is close to an end”
Summary
The SELIC rate was raised to 12.50%. The monetary authority took the reference to a “prolonged� cycle out of the decision statement. We expect one final 25bps hike in August.
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- Macroeconomic Analysis
- Consumption
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BBVA Research
BBVA Research