Brazil Central Bank Sees More Restrictive Rates After Split Monetary Policy Vote yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The Brazilian central bank maintained the benchmark Selic at 13.75% for a third consecutive meeting this week, as expected by all analysts. It was the last rate meeting before Lula da Silva assumes the country’s presidency on January first.
Brazil’s central bank kept its restrictive monetary policy unchanged, as expiring tax breaks and additional spending plans by the incoming administration complicate policymakers’ efforts to bring inflation down to target.
(Bloomberg) Brazil’s central bank refrained from specific guidance on future interest rate decisions as heightened market uncertainty complicates its plan to phase out an aggressive monetary tightening campaign while bringing inflation to target.