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MNI BCB Preview – May 2022: Final Step Of The Tightening Cycle?

  • 2230BST / 1730ET, Wednesday May 04, 2022
  • The Copom are widely expected to hike the Selic rate by 100bps to 12.75% at their May meeting.
  • This action would be in line with prior BCB communication signalling a hike of the same magnitude made at the previous meeting in March.
  • Despite previously hinting that the tightening cycle may come to an end in May, continued inflationary pressures have led the majority of analysts to expect further policy tightening, placing increased significance on the BCB’s guidance within the statement on Wednesday.
  • The full MNI preview with analyst views can be found here: https://marketnews.com/mni-bcb-preview-may-2022-final-step-of-the-tightening-cycle

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