“The Central Bank forecasts, mainly for 2023, called my attention. They consider the non-reinstatement of fuel prices taxes as a downward risk to the inflation outlook. But there was also a hawkish point, with BCB affirming that it could raise the interest rate if it is necessary. Overall, the message is that the inflation scenario is now more favorable.”
Considering the Selic rate on hold, the Brazilian Central Bank indicates that it is facing a more favorable outlook inflation. Check our partner and chief economist’s comment, Andrea Damico, on the report of Reuters agency about the Copom [Monetary Policy Committee] meeting.
