Valor Investe: 08/09/22
Monetary Policy Committee Minutes reinforce 13.75% scenario for SELIC rate for a longer period, says Armor
The institution expects that the Central Bank will reduce the interest rate only in June 2023
The Central Bank Monetary Policy Committee (Copom) reinforces on its last minutes that the Selic rate will be maintained at 13.75% during the next few months, says Andrea Damico, chief economist of Armor Capital. “A relevant message is regarding the relevant horizon for inflation, since its 3,5% 1Q24 IPCA forecast means that it would be compatible with its inflation convergence strategy. In other words, it indicates that the Central Bank has achieved its goal, since its forecast would be around the target.
