Brazil hikes but hints tightening may moderate

The Central Bank of Brazil raised its key rate by 75 basis points for the second-straight vote on Wednesday, but looks likely to back smaller hikes in the coming months.

Analysts had tipped the central bank to make the rise and had expected the eight-strong rate-setting board to be unanimously in favour of the move. But three of the board backed a 50 basis-point rise, dissent which market participants took as a signal of a hike of a lesser magnitude in October.

The move follows news that the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: