BCB signals tighter monetary policy for longer
Policy-makers say demand-driven inflation requires monetary policy to “remain tight”
In the minutes to their interest rate decision on August 5, the Central Bank of Brazil’s (BCB) monetary policy committee, known as Copom, said it saw more evidence that its monetary policy stance was working but emphasised that it needed to remain tight.
“Although monetary policy has been playing a decisive role in the disinflation process, inflation is still being driven by demand, requiring monetary policy to remain tight,” Copom said.
The committee voted unanimously on August 5 to lower the
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