Brazil’s MPC continues hikes, but slows pace

Central Bank of Brazil
Central Bank of Brazil

The Central Bank of Brazil continued its 15-month tightening cycle on June 15 with a 50 basis point increase in the Selic reference rate to 13.25%.

The CBB monetary policy committee’s unanimous decision is its eleventh consecutive increase, but also the smallest hike in the cycle so far.

The MPC said that “given its inflation projections and the risk of a de-anchoring of long-term expectations”, it would likely continue to push the Selic rate higher. “It is appropriate to continue advancing in

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

If you already have an account, please sign in here.

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: