Free Trial

BRAZIL: Selic Rate Decision Due At 2130GMT / 1630ET

BRAZIL
  • A reminder that the Copom is widely expected to deliver another 100bp Selic rate hike to 13.25% later this evening, consistent with its forward guidance, which has indicated that it would raise rates by 100bp at each of the next two meetings.
  • Although the BRL has rallied this month, inflation expectations have continued to increase and fiscal pressures remain elevated, pointing to the need to move further into contractionary territory. Guidance will be closely monitored again for signals on the depth of the tightening cycle beyond March.
    • The full MNI preview with analyst views is here.
94 words

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.
  • A reminder that the Copom is widely expected to deliver another 100bp Selic rate hike to 13.25% later this evening, consistent with its forward guidance, which has indicated that it would raise rates by 100bp at each of the next two meetings.
  • Although the BRL has rallied this month, inflation expectations have continued to increase and fiscal pressures remain elevated, pointing to the need to move further into contractionary territory. Guidance will be closely monitored again for signals on the depth of the tightening cycle beyond March.
    • The full MNI preview with analyst views is here.