Published on Wednesday, June 29, 2016
LatAm Daily | The new BCB board adopts a hawkish tone
Summary
The first report released by the BCB since Ilan Goldfajn replaced Alexandre Tombini as governor of the institution suggested that the monetary institution has no intention of cutting the Selic rate before convergence of inflation to 4.5% in 2017 is assured. This is in line with our view that the Selic rate will remain unchanged during 2H16.
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Authors
ED
Enestor Dos Santos
BBVA Research - Principal Economist
LL
Lorena Lechuga
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