Copom set to hold rates

Copom set to hold rates

Economy & Policy

Brazil’s monetary policy committee is likely to leave rates at 11% today, analysts forecast. Despite high inflation, Copom has scant flexibility to further tighten after a series of hikes since last year, due to slowing growth and an approaching presidential election, analysts said. Brazil’s central bank “left the door open” for a further adjustment after the last policy meeting, RBS analysts said. But the committee would likely leave rates on hold for the rest of the year, the bank said, becaus

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