Current inflation reaccelerating with unanchored expectations in the week preceding Copom’s monetary policy decision (07/26)
Since the last meeting, the variables observed by the Central Bank have mostly shown negative signs, with an emphasis on the exchange rate. Therefore, we believe that the Committee may adopt a slightly tougher tone in this statement, even while remaining data-dependent. In the US, the signals remain mixed for monetary policy.
For more information, please check our Weekly Report 74.
