The Brazilian central bank cut its benchmark Selic interest rate by 100bp, to 8.25%, last night and confirmed our view that the end of the easing cycle is not far off. As things stand, our forecast is for an additional 75bp cut in the policy rate, to 7.50%, by year-end.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services