Monetary tightening in Brazil: "still not enough"
Published on Thursday, January 29, 2015
Monetary tightening in Brazil: "still not enough"
Summary
The minutes of the last week's monetary policy meeting, in which the SELIC rate was hiked by 50bp to 12.25%, confirmed our view that the ongoing adjustment of monetary conditions will continue in the short-term. We expect a 25bp hike in the next monetary policy meeting in March, but another 50bp adjustment should not come as a surprise as today's minutes left the door for this move open.
Geographies
- Geography Tags
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist