Published on Friday, October 30, 2015
LatAm Daily | Interests rates likely to remain unchanged in Brazil for some time
Summary
COPOM’s strategy is to make inflation converge to the 4.5% target in 2017 rather than in 2016. Further fiscal slippage is a risk for COPOM’s plan to keep the Selic rate unchanged for some time. Regarding this issue, the public gross debt increased again and reached 66% of GDP in September.
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Authors
MC
Marina Conesa
ED
Enestor Dos Santos
BBVA Research - Principal Economist
HP
Hugo Perea
BBVA Research - Chief Economist
CP
Cecilia Posadas
BBVA Research - Principal Economist
JS
Jorge Selaive
CS
Carlos Serrano
BBVA Research - Chief Economist
JT
Juana Téllez
BBVA Research - Chief Economist