September 18, 2024 at 10:44PM
Banco Central do Brasil Monetary Policy Committee (Copom) decision
25bp SELIC rate hike
as expected
BCB says the pace of future adjustments and overall adjustment magnitude will be guided by its commitment to reach the inflation rate target
says the balance of risk for inflation is titled to the upside
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
Brazil’s central bank has hiked its benchmark rate by 25bps to 10.75% – yes hiked