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20th Mar 2024 17:31Latin AmericaDaily Monitor

  • Brazil’s COPOM voted unanimously to cut the Selic rate by 50bp, as expected, but has exercised caution.
  • The forward guidance has been limited to one meeting ahead, due to increased uncertainty.
  • A further 50bp rate cut in May is likely, with subsequent decisions contingent on the data.

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Keywords for: 22 March 2024 LatAm Monitor

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