Latin America: Brazil holds rates despite president’s attack
Chilean board also holds policy, while Costa Rica cuts after inflation goes below target
Brazil’s president criticised its central bank’s decision to hold policy rates, while Chilean rate-setters also held, and Costa Rica’s cut after inflation fell drastically.
Brazil: The Central Bank of Brazil’s board voted unanimously to hold its Selic policy rate steady at 13.75% for the seventh consecutive meeting on June 22.
Brazilian president Luiz Inácio Lula da Silva criticised the decision, saying on social media the board was “fighting with Brazilian society”. Lula, who has frequently
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More on Monetary policy decisions
Bank of Canada holds rates for sixth consecutive time
Central bank optimistic that rate cuts are ahead and inflation will gradually fall
RBNZ holds rates as economy enters recession
Policy-makers keep policy restrictive to tame inflation despite economic downturn
Philippine central bank holds rate
Central bank stays put after headline inflation rises for two consecutive months
Central Bank of Brazil cuts rate by 50bp
Copom says it expects to do the same at its next meeting in May
Bank of Korea holds rates amid property market concerns
Governor Rhee Chang-yong warns cutting rates too soon could reignite inflation
Caucasus central banks cut rates as inflation falls
Armenia, Azerbaijan and Georgia continue gradual easing, with Armenian inflation at -0.5%
Chile cuts rates for fourth consecutive meeting
Board forecasts inflation will return to 3% target in 2024
Colombian central bank begins cutting rates
Board splits over decision, as inflation remains above 10% while economy slows
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