Brazil Expected to Hold Selic

Brazil Expected to Hold Selic

Brazil Economy & Policy

Brazil’s central bank makes its interest rate decision today, and is expected to hold the Selic rate at 7.25%. In calling for a hold, Nomura says economic shifts could trigger policy rate changes during the year. “Nonetheless, we think the BCB will continue playing a patient game only as long as labor markets remain firm. Any sign of weakness in jobs should be taken by investors as the true trigger for falling policy rates,” says Nomura in comments ahead of the decision. Goldman Sachs also expec

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