The Selic rate reached 10.75% this week and the trend is that it will continue to increase throughout 2022. With a difficult economic scenario, the Central Bank is already thinking about 2023 to try to lower the interest rate.
THE CNN Specialist in economics Sergio Vale commented, this Friday (4), on what the outlook for next year should be.
According to Vale, the increase in the Selic rate was not a surprise. “The market expected what the Central Bank would signal ahead. The expectation is that we would continue to have highs in the next meetings, but there was doubt about the speed, and the BC signaled that it will decrease”, he said.
According to the specialist, the result should be close to what the market expects, but the signal behind it is that the Central Bank realized that inflation and the 3.5% target will not be reached this year.
“Throughout this year, we will still see the impact of the interest rate hike. The scenario does not change, growth will be weak,” she said.
According to Vale, the tone of the BC communiqué brings important signals. “This makes us have a much smaller effect on activity than if the Central Bank followed a more aggressive path, as it had been signaling since the end of last year”, he concluded.
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Source: CNN Brasil
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