Brazil Economic Watch: ”CB adjusts the SELIC up and signals more tightening”
Published on Wednesday, June 8, 2011
Brazil Economic Watch: ”CB adjusts the SELIC up and signals more tightening”
Summary
The Monetary Policy Committee of the Central Bank (COPOM) decided to raise the SELIC rate by 25bps to 12.25%. The short communiqué released yesterday suggests the monetary authority will continue adjusting interest rates up in July.
Geographies
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- Brazil
Topics
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- Macroeconomic Analysis
- Consumption
- Real Estate
- Migration
- Banks
Authors
BBVA Research
BBVA Research