Brazil: Holding rate, focusing more on risks than on baseline scenario – Rabobank

Analysts at Rabobank note that the Copom held the Selic (policy) rate steady at 6.50% p.a., surprising the vast majority of analysts (us included), who were looking for another 25-bp cut (to be the last in the cycle). Key Quotes “In the statement, the BCB associates the decision with a deterioration in balance of risks […]

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