LatAm Daily | The “new” Copom in Brazil leaves the Selic rate unchanged at 14.25%

Summary

In the first meeting under the presidency of Ilan Goldfajn, the BCB decided to leave the Selic rate stable. Moreover, in a more detailed accompanying statement, the monetary authority affirmed that “...there is no room for the easing of monetary policy”, supporting our view that the interest rate will remain unchanged for some further time.

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