Unanimity among COPOM members reinforces Central Bank’s autonomy – 06/21
As expected, the monetary policy committee opted to maintain the benchmark interest rate at 10.50% p.a., halting the downward trend that began in mid-2023. The consensus among voters helped dispel the noise of political influence from the current government on COPOM in a week marked by speeches from the President criticizing the institution. Without the constraints of forward guidance, the commitment to re-anchoring expectations will dictate the Central Bank’s actions in upcoming meetings.
For more information, please check our Weekly Report 69.
