Central Bank of Brazil hike 'signals end' to year-long tightening cycle

Cristo Redentor statue overlooking Rio de Janeiro

The Central Bank of Brazil (CBB) raised its benchmark interest rate for the eighth consecutive time yesterday in a move that according to analysts signals an end to an 11-month tightening cycle – and risks damaging the bank's credibility on inflation.

The CBB increased the Selic rate by 25 basis points to 10.75%, less than in previous months, following GDP forecasts showing the Brazilian economy on the edge of recession. Those were, however, partly upended today by the release of official

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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