Macro Analysis /

Brazil: BCB raises policy rate by expected 100bps to 6.25%

    23 September 2021
    • This is a fifth consecutive increase, bringing the scale of tightening so far to 425bps
    • Copom says balance of risks runs in both directions
    • Copom says consumer inflation remains high
    • Copom also says recent economic indicators continue to show positive evolution and do not ensure relevant revisions in growth forecasts