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13th Dec 2023 18:55Latin America, Daily Monitor

  • Brazil’s COPOM delivered another widely expected 50bp cut to the Selic rate and kept a dovish tone.
  • The Board, however, signalled that this pace of easing would continue in Q1, as upside risks remain.
  • We expect bolder action ahead, though, as economic activity struggles and external conditions stabilise.

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Keywords for: 15 December 2023 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence