Brazil's central bank forecasts rate hike in June

Brazil's central bank forecasts rate hike in June

Bonds Economy & Policy Fixed Income Loans Capital Markets Brazil Regulation

Copom, the monetary policy committee at Brazil's central bank, said Wednesday that it plans to increase the Selic benchmark interest rate by another 75 basis points to 4.25% in June as it tries to bring inflation within the target range. The committee voted unanimously to increase the Selic by 75 basis points to 3.5%, the second increase this year, after consumer prices rose 6.17% for the past 12 months through mid-April. Copom now expects inflation to reach 8.4% in 2021 before it slows to 5% in

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial