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Brazil Economic Watch: ”CB adjusts the SELIC up by 25bps and signals the monetary tightening cycle is close to an end”

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Published on Tuesday, July 19, 2011

Brazil Economic Watch: ”CB adjusts the SELIC up by 25bps and signals the monetary tightening cycle is close to an end”

The SELIC rate was raised to 12.50%. The monetary authority took the reference to a â€œprolongedâ€? cycle out of the decision statement. We expect one final 25bps hike in August.