April 18, 2017 |
Brazil's monetary policy committee, or Copom, is expected to cut the Selic benchmark lending rate to 8.5% by the end of the year.
A survey from the central bank found that the market expected the Selic to end 2017 at 9%.
Copom last week cut the Selic by 100bp to 11.25%, deepening the rates of cuts from previous meetings. The committee said it was on a path to lower interest rates to 8.5% by the end of the year and stay there until the the end of 2018.
According to Alberto Ramos, an analyst at Go
Central bank survey finds the Selic is expected to drop to 8.5% by the end of the year