The decision by the Brazilian Central Bank (BCB) to accelerate the pace of interest rate cuts reflects mounting concerns among policymakers about the sustainability of Brazil’s “twin-speed” growth model. Further cuts are likely and we now expect the benchmark Selic rate to fall to 2009’s record low of 8.75% by the middle of this year.
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