Brazil's Central Bank prepares to raise benchmark interest rate, targeting inflation

Brazil’s Central Bank prepares to raise benchmark interest rate, targeting inflation

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RIO DE JANEIRO, BRAZIL – This would be the fifth consecutive time this yr that the financial authority will elevate the SELIC charge, now at 5.25% for the reason that final assembly in August, when the financial institution raised rates of interest by 1 share level after a number of decrease hikes.

The choice, to be introduced after the subsequent Financial Coverage Committee (COPOM) assembly, was anticipated by the establishment on the time, when it projected “one other adjustment of the identical magnitude” for its subsequent assembly.

Some 100 consulting companies and monetary establishments surveyed count on the COPOM to verify its place and lift the benchmark charge . . .

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