10 August. 2015 End of the Tightening Cycle in Brazil, as The Recession Bites?
10th Aug 2015 05:00Latin America, Economic Monitor
While we were out, Brazil's Monetary Policy Committee--Copom-- increased the Selic rate by 50bp to 14.25% on July 29th. The short statement indicated that the decision was unanimous and without bias. But it also signaled that the Copom is ready to end the tightening cycle if the data and, especially, the BRL, permit.
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