Brazil | Copom sees 2016 inflation converging to the target, but also important risks
Published on Thursday, September 10, 2015
Brazil | Copom sees 2016 inflation converging to the target, but also important risks
Summary
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.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist