Central Bank of Brazil discussed smaller hike at December meeting
Copom weighed 50bps cut, but ultimately chose to “frontload” monetary easing
The Central Bank of Brazil's monetary policy committee (Copom) evaluated the possibility of cutting interest rates by 50 basis points and signalling a deeper cut at the next meeting, according to minutes published today (January 17).
The minutes from the December meeting noted the Copom's baseline scenario would have encouraged a smaller rate cut to create a "smoother path" for the policy rate.
However, given the backdrop of anchored inflation expectations, it was judged the current environment
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