LatAm Daily | COPOM signals that the Selic will remain stable, but highlights upside risks
Published on Friday, August 7, 2015
LatAm Daily | COPOM signals that the Selic will remain stable, but highlights upside risks
Summary
The minutes suggest that the tightening cycle is over, although the inflation forecast for the end of 2016 is above the target. However, a rise in the SELIC may happen if inflation expectations deviate from the target. Chile’s June nominal wages grew 0.2% while real wages fell 0.3% MoM reinforcing our view on the sluggishness in the labour market and consumption.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci
Documents and files
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