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Copom Decision In Roughly 2 Hours, Expected Unchanged

BRAZIL
  • Around 2 hours until the May BCB Decision where consensus believes the Copom will keep the Selic rate unchanged at 13.75%.
  • Despite the annual rate of inflation falling to 4.16% and consistent verbal criticism from the Lula administration on the need for lower rates, the BCB committee remain resolute with its approach to maintaining the current restrictive stance.
  • Persistently high core inflation and a further deterioration of short- and medium-term inflation expectations make it premature to start easing policy at this juncture.• The full MNI preview with analyst views is here: https://roar-assets-auto.rbl.ms/files/52723/MNI%20...

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