The Copom (Central Bank Monetary Policy Committee) stressed this Tuesday (13) that it remains vigilant about the high degree of uncertainty in the Brazilian fiscal scenario, and said that it will not “hesitate to resume the adjustment cycle, if the process of disinflation does not go as expected”.
“The Committee will remain vigilant, evaluating whether the strategy of maintaining the basic interest rate for a sufficiently prolonged period will be able to ensure the convergence of inflation. The Committee reinforces that it will persevere until it consolidates not only the disinflation process but also the anchoring of expectations around its targets. The Committee emphasizes that future monetary policy steps can be adjusted and will not hesitate to resume the adjustment cycle if the disinflation process does not go as expected”, he said in the minutes of last Wednesday’s meeting (7), when he decided maintain the Selic rate at 13.75% per annum.
*In update
Source: CNN Brasil
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