January 29, 2025 20:10 GMT
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.
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