According to a bank´s assessment, the external environment has continued to deteriorate and inflationary pressures arising from the pandemic have intensified.
Last Wednesday (Mar. 16), the Central Bank's Monetary Policy Committee unanimously decided to raise the Selic rate by one percentage point to 11.75 percent a year.
Brazil’s Monetary Policy Committee said the next steps may be adjusted in order to bring inflation closer to the target, depending on changes in economic activity.
In November, the IPCA was 0.95%, closing at the highest level for the month since 2015 (1.01%) and accumulating an increase of 10.74% in 12 months. In the year, until November, inflation is 9.26%.