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MNI BCB Review - May 2022: Tightening Cycle to Slow From Here

Matching expectations, the BCB raised rates by 100bps to 12.75% on Wednesday, but signalled that this month’s hike will not be the final rate rise of this tightening cycle.

Executive Summary:

  • BCB raised the SELIC rate by 100bps, alongside expectations
  • Bank signaled tightening pace will slow from here
  • Leaves door open to a 50 - 75bps hike in June
Full review here:

MNIBCBRevMay22.pdf

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Executive Summary:

  • BCB raised the SELIC rate by 100bps, alongside expectations
  • Bank signaled tightening pace will slow from here
  • Leaves door open to a 50 - 75bps hike in June
Full review here:

MNIBCBRevMay22.pdf

Keep reading...Show less