After the surprise hike in Brazil’s Selic rate, we estimate further adjustments in the coming months
Published on Friday, November 7, 2014 | Updated on Friday, November 7, 2014
After the surprise hike in Brazil’s Selic rate, we estimate further adjustments in the coming months
Summary
The minutes of the last MP meeting suggest that the tone of fiscal policy (expansive) and pressures on inflation will be key in the rate and magnitude of the future monetary tightening cycle. We believe that the Selic rate will reach 12.25% in early 2015.
Geographies
- Geography Tags
- Brazil
- Latin America
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research