Pantheon Macroeconomics - Brazil's central bank kept the SELIC rate on hold on Wednesday at 14.25% for the eight consecutive meeting. The decision, which was widely expected, was unanimous, but the post-meeting statement was more detailed and informative than the central bank's June communiqué. We think the shift was intentional; the central bank's new board, headed by Mr. Ilan Goldfajn, is eager to strengthen the institution's credibility and transparency.

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22 July. 2016 Copom Holds Rates, Looking for Inflation Expectation to Slow More

By Andres Abadia

Brazil's central bank kept the SELIC rate on hold on Wednesday at 14.25% for the eight consecutive meeting. The decision, which was widely expected, was unanimous, but the post-meeting statement was more detailed and informative than the central bank's June communiqué. We think the shift was intentional; the central bank's new board, headed by Mr. Ilan Goldfajn, is eager to strengthen the institution's credibility and transparency.

Posted: 22nd Jul 2016 in 'Latin America Documents'

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Keywords for: Latin America Documents | 22 July. 2016 Copom Holds Rates, Looking for Inflation Expectation to Slow More

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