LatAm Daily | Unchanged interest rates in Brazil
Published on Thursday, January 21, 2016
LatAm Daily | Unchanged interest rates in Brazil
Summary
In line with our view, but in contrast with the market consensus, the Copom decided to keep interest rates unchanged in an environment marked by political pressure against any further monetary tightening, the worsening prospects for economic activity and "domestic and mainly external uncertainties". Looking ahead, the Selic is likely to remain stable for some time.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Marina Conesa
Enestor Dos Santos
BBVA Research - Principal Economist
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist