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Published on Thursday, September 10, 2015

Brazil | Copom sees 2016 inflation converging to the target, but also important risks

The monetary policy minutes revealed that the COPOM is now seeing inflation converging to 4.5% in 2016, which explains its decision to leave the Selic unchanged at 14.25%. However, it highlighted that some upside risks (mainly fiscal policy deterioration and exchange rate depreciation) require the monetary authority to remain vigilant.