Brazil holds rates again but signals easing at next meeting
BCB may cut by half point in March as forward guidance is ‘explicitly dovish’, analyst says
The Central Bank of Brazil (BCB) has maintained its policy rate at 15% but signalled it may begin cutting at the next meeting of its monetary policy committee.
The committee, known as Copom, voted unanimously on January 28 to hold rates. The decision was in line with market expectations.
“The current scenario continues to be marked by de-anchored inflation expectations, high inflation projections, resilience on economic activity and labour market pressures,” Copom said in a statement.
Year-on-year
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