Brazil Seen Hiking Rates

Brazil Seen Hiking Rates

Brazil Economy & Policy

Brazil is expected to hike rates again when its central bank meets today, with many calling for a 50bp raise to 8.50%. In May, the central bank raised rates by 50bp to 8.00% in a unanimous decision, citing inflation as a key factor in its choice. “The depreciation of the real in recent days, and the risk for inflation created by this movement, could trigger an acceleration in the pace of rate hikes, to 75bps. On the other hand, recent numbers have revealed downside surprises in economic activity

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