trending Market Intelligence /marketintelligence/en/news-insights/trending/1TPnAobIa7aZJYzSbn3vkA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Brazil's central bank holds benchmark Selic rate at 6.50%

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Brazil's central bank holds benchmark Selic rate at 6.50%

The Brazilian central bank's monetary policy committee voted unanimously to hold the benchmark Selic interest rate at 6.50%, noting that the country's economy remains on a path of gradual recovery.

"The committee judges that various measures of underlying inflation are running at appropriate or comfortable levels," Banco Central do Brasil said in a statement. "This includes the components that are most sensitive to the business cycle and monetary policy."

According to the bank's market surveys, inflation expectations for 2019, 2020 and 2021 stand at around 3.9%, 4.0% and 3.75%, respectively. However, a "high level of economic slack" may result in a lower-than-expected inflation trajectory.

On the other hand, "frustration of expectations regarding the continuation of reforms and necessary adjustments in the Brazilian economy may affect risk premia and increase the path for inflation over the relevant horizon," the central bank added.

Commenting on the global outlook, the bank said risks associated with the normalization of interest rates in some advanced economies have receded, but risks related with a slowdown in global growth have risen.