HomeBRAZILMONETARY AUTHORITY ADMITS POSSIBLE INTEREST RATE FALL AMID GOVERNMENT PRESSURE

MONETARY AUTHORITY ADMITS POSSIBLE INTEREST RATE FALL AMID GOVERNMENT PRESSURE

Interest rates could drop in early August, according to a note disclosed by the Monetary Policy Committee (Copom) on Tuesday (27/06). However, this will depend on the continuity of the fall in inflation, and its impact on market expectations for the IPCA. The information was released during Copom’s last meeting, held last week, when the Selic rate was kept stable at 13.75% per year – the highest level in six and a half years. The statement has been made amid strong government pressure for a fall in the country’s basic interest rate in order to help the central authorities deliver their promise of stimulating the economy, particularly industry.

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