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Copom Decision/Statement In Focus, Scheduled After The Close

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.
  • 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%.

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