US EditionWhy should the Central Bank raise interest rates again today and what impact will this have on the economy?
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The Monetary Policy Committee (Copom) of the Central Bank (BC) decides this Wednesday (17) whether to maintain or raise the basic interest rate, the Selic. The recent rise of the dollar and the impact of the drought on the price of energy and food made it uncertain whether the board will raise basic interest rates for the first time in more than two years. According to the most recent edition of the Focus bulletin, a weekly survey of market anal…
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With the possibility of division among the members, the Monetary Policy Committee (Copom) of the Central Bank (BC) decides this Wednesday (17) whether to maintain or raise the basic interest rate, the Selic. The recent rise of the dollar and the impact of the drought on the price of energy and food made it uncertain whether the board will raise basic interest rates for the first time in more than two years. In the statement from the last meeting…
Nominated to assume the presidency of the Central Bank (BC) for the next four years, the institution's Monetary Policy director, Gabriel Galípolo, may become president of the Federal Senate after the Monetary Policy Committee (Copom) raised the country's basic interest rate, Selic, at this week's meeting. Also read Brazil Selic: market predicts that BC will increase interest rates this week Brazil Central Bank: Senate confirms Gallipolo's sab…
Why should the Central Bank raise interest rates again today and what impact will this have on the economy?
Ana Carolina Nunesi Ana Carolina Nunes https://istoedinheiro.com.br/autor/ana-carolina-nunes/ 09/18/2024 – 6:00 The members of the Central Bank’s Monetary Policy Committee (Copom) will announce their decision on the economy’s interest rate, the Selic, currently at 10.50% per year, early this Wednesday evening, the 18th. The expectation is that the decision will be to start a new cycle of monetary tightening, with an increase of 0.25 percen…
Faced with financial capital pressures due to the increase in Selic, the president of the PT points out the harmful effects of interest rates on the economy and the budget: “It is these interests, paid to the bankers, that actually pressure the fiscal balance they talk about so much” In the midst of pressure from financial capital to increase the interest rate, in a speculative movement that goes against the world, the Monetary Policy Committee …
After successive falls, Selic parked at 10.5% and the market is pressing for an increase in the basic rate: President of the PT says that reducing it would be a “wise decision”, says that “interest rates are falling in the entire capitalist world” and asks: “why would it be different here?” The post Inflation is under control, on target and there's no reason to raise interest rates, says Gleisi the day before the Copom meeting appeared first on.
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