Brazil Economic Watch: ”Extending the monetary tightening cycle”
Publicada el lunes, 27 de junio de 2011
Brazil Economic Watch: ”Extending the monetary tightening cycle”
The Inflation Report released by the CB reinforces the view that the monetary authority will hike the SELIC by 25pbs in July and then adopt a “wait-and-see� position. The chances, however, of the tightening cycle continuing after July are now higher than before, especially because of labor markets’ excessive dynamism.
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