Free Trial

Copom Decision/Statement In Focus

BRAZIL
  • All 41 surveyed analysts continue to expect the BCB to keep the Selic rate unchanged at 13.75% later today. The decision is scheduled for shortly after 2130GMT/1730ET.
  • The statement will be carefully scrutinised given the economic crosscurrents of high inflation and weaker activity, all amid the backdrop of an administration intent on their desire for lower interest rates.
  • The full MNI preview with analyst views is here: https://roar-assets-auto.rbl.ms/files/52116/MNI%20Brazil%20Central%20Bank%20Preview%20-%20March%202023.pdf
  • Also worth noting that Brazil’s mid-March IPCA inflation data will be published on Friday where the median surveyed estimate expects a decline in the annual headline rate to 5.33%.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.