The BCB leaves the SELIC unchanged at 11%
Published on Thursday, July 17, 2014 | Updated on Thursday, August 7, 2014
The BCB leaves the SELIC unchanged at 11%
Summary
As widely expected, the monetary authority announced yesterday after financial markets closed in Brazil that policy rates will remain at 11%. We expect the BCB to maintain the SELIC rate at the current level at least until the end of the year. On the one hand, weak growth and the imminence of presidential elections limit the space for any rate hikes. On the other hand, high and increasing inflation leaves practically no room for a monetary easing ahead.
Geographies
- Geography Tags
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Tags
- Tags
- BCB
- Monetary policy
- SELIC
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Documents and files
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