Published on Thursday, September 24, 2015
Brazil | The BCB's plan is still to keep interest rates unchanged
Summary
The 3Q15 Inflation Report revealed that the BCB revised up its inflation forecasts for 2015 and 2016, mainly due to the exchange rate depreciation and a less supportive fiscal policy, and in spite of a more negative view on both external and domestic growth. However, the report suggested that the BCB will likely keep the Selic rate at 14.25% for some time.
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- Latin America
- Brazil
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Authors
ED
Enestor Dos Santos
BBVA Research - Principal Economist