Brazil's Central Bank Chief Vows to Keep High Interest Rates "For Extended Period"

Brazil's Central Bank Chief Vows to Keep High Interest Rates "For Extended Period"

Gabriel Galípolo, President of Brazil’s Central Bank, declared the need to maintain high interest rates for a prolonged period during Goldman Sachs’ 12th Annual Brazil Macro Conference in São Paulo on Monday. The Selic rate currently stands at 14.75%, its highest level since 2006, following six consecutive increases totaling 450 basis points since August 2024. […]

It may be obvious, but it is still hard to hear. The President of the Central Bank said today that it is not ready to discuss when juries can fall back. He added: "People really need to stay with a rate of juries in order to stand quite restrictive for a very long period," said Gabriel Galípolo. There is an external component in this issue of juries. They will continue to be higher for more time also in the United States.

High jury "BC v meaning to keep Selic high for more time," says Gal po" (Mercado, 19/5). The nothing you can do to raise jury. You can put anyone in the Central Bank. Lula, cover Gal po, because before the jury n had it down because the other was indicated by ineleg vel. And now? Wallace Marques (Barueri, SP) Read more (05/19/2025)

President of the Central Bank says Copom is waiting for data on the economy to decide on juries