The Central Bank’s Monetary Policy Committee (Copom) raised the country’s basic interest rate this week for the 12th consecutive time. The Selic left the historic low of 2% per year, at the beginning of 2021, to reach 13.75% now in August.
The Central Bank’s main monetary policy instrument to control inflation, the Selic influences all interest rates in the country, such as loans, financing and financial investments. By announcing the most recent increase, the Copom left the door open for a new increase, of lesser magnitude, in September.
In this episode of E Tem Mais, Carol Nogueira presents a balance of the reactions to the Central Bank’s decision and the perspectives in the face of a scenario of uncertainty in the Brazilian economy in 2023.
To describe doubts about the future of interest rates in Brazil and how monetary policy affects the country’s economic direction, professor Paulo Dutra Constantin, coordinator of the economic sciences course at Faap, and economist Luccas Saqueto, from GO Associates consultancy.
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(*Posted by Diego Toledo)
Source: CNN Brasil