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Valor Reporting On The Increased BCB Vigilance of Inflation Expectations

BRAZIL
  • According to Valor International, the next steps for Brazil’s Central Bank in setting interest rates seem increasingly dependent on the dynamics of inflation expectations.
  • The prominence given to the Central Bank’s Focus survey by the monetary authority keeps market participants closely watching the consensus among economists regarding future inflation trends.
  • However, some market participants have criticized the survey’s predictive capability for longer time horizons.
  • A full rundown of yesterday's Focus survey release in which the year-end Selic rate now stands at 10.00 is here.
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  • According to Valor International, the next steps for Brazil’s Central Bank in setting interest rates seem increasingly dependent on the dynamics of inflation expectations.
  • The prominence given to the Central Bank’s Focus survey by the monetary authority keeps market participants closely watching the consensus among economists regarding future inflation trends.
  • However, some market participants have criticized the survey’s predictive capability for longer time horizons.
  • A full rundown of yesterday's Focus survey release in which the year-end Selic rate now stands at 10.00 is here.