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17th Jun 2022 00:00Latin America, Daily Monitor

The COPOM eased the pace of tightening, but has left the door open to further hikes in Q3.

The deteriorating external inflation outlook has been forcing the Board to tweak its plans since May.

We now expect a final rate hike in August to anchor inflation expectations, if external conditions improve.

bcb copom core inflation cpi deposits external conditions fuel gdp forecasts imf inflation expectations inflation forecast inflation outlook interest rates labour May monetary policy oil oil prices policy policymakers rate hike real gdp surveys tax cuts transportation

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Keywords for: The COPOM will Hike Further in Q3, to Rule on Inflation Expectations

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