Pantheon Macroeconomics - Two key points can be extracted from the minutes of the last BCB meeting, when policymakers increased the Selic interest rate by 50bp to 12.75%. First, the bank recognized that the balance of risks to inflation has deteriorated, due to the huge adjustment of regulated prices and the BRL's depreciation, but it specifically referred only to "this year" in the communiqué.

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16 Mar. 2015 Temporary Reversal - Bad Numbers for Mexico, Good for Brazil

By Andres Abadia

Two key points can be extracted from the minutes of the last BCB meeting, when policymakers increased the Selic interest rate by 50bp to 12.75%. First, the bank recognized that the balance of risks to inflation has deteriorated, due to the huge adjustment of regulated prices and the BRL's depreciation, but it specifically referred only to "this year" in the communiqué.

Posted: 16th Mar 2015 in 'Latin America Documents'

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Keywords for: Latin America Documents | 16 Mar. 2015 Temporary Reversal - Bad Numbers for Mexico, Good for Brazil

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