US EditionBrazil Central Bank Raises Rates, Sees “Very Prolonged” Pause
- Brazil's Central Bank raised the Selic interest rate by 0.25 percentage points to 15%, the highest since 2006, citing ongoing economic uncertainty and exceeding market expectations for a pause at 14.75%.
- The unanimous decision from the Monetary Policy Committee surprised local markets, who expected the rate to remain at 14.75% and aims to control inflation, which is forecasted to close the year at 5.25%, exceeding the target of 4.5% for 2025.
- President Luiz Inacio Lula da Silva expressed frustration over the rate hikes and concerns that high interest rates hinder growth, highlighting the government's aim to lower rates soon.
- The Central Bank may interrupt the rate hike cycle at its next meeting to assess the impacts of previous adjustments and ensure steady inflation towards the target.
19 Articles
19 Articles
Brazil Lifts Interest Rate to 15% as Robust Economy Fuels Inflation
Brazil’s central bank raised its key interest rate by a quarter-point and signaled borrowing costs will likely remain steady for a long period as board members gauge the impact of tight policy on inflation and activity.
Brazil central bank raises rates, sees 'very prolonged' pause
Brazil's central bank raised interest rates by 25 basis points on Wednesday and signaled it will keep borrowing costs steady for an extended period, defying expectations that it had already reached the end of its tightening cycle.
Brazilian central bank hikes rates by 25 bps to 15%
Brazil's central bank raised interest rates by 25 basis points on Wednesday and signaled it will keep borrowing costs steady for an extended period, defying expectations that it had already reached the end of its tightening cycle.
The Central Bank explained that the objective is to contain inflation in an external context that it described as “particularly uncertain”
Brazil: Selic rate upped for the seventh straight time
Despite falling inflation, Brazil's Central Bank (BCB) raised the Selic interest rate on Wednesday by 0.25 percentage points to 15%, its zenith since 2006, citing ongoing economic uncertainty. The unanimous Monetary Policy Committee's (Copom) move surprised local markets, who anticipated it would stay at 14.75%.
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