Brazilian central bank expected to slow pace of tightening

Brazilian central bank expected to slow pace of tightening

Economy & Policy

Analysts expect the monetary policy committee at Brazil’s central bank to slow the pace of interest rate hikes with a 25bp raise, to 10.75%, in its decision today. Copom has lifted the Selic rate by 50bp at each of the past six meetings, but has signaled it is likely to tighten monetary policy more slowly in the coming months. “Monetary policy works with lags and has cumulative effects,” said Bradesco asset management economists on Tuesday. “The slowdown of recent activity amplifies the effect o

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