For Fernando Haddad, the government is committed to rebalancing public accounts, and this would be a reason for the Central Bank to start easing monetary policy.
For the fifth consecutive time, the rate remains unchanged. There are uncertainties regarding the future fiscal framework, which is being elaborated by the government.
The Central Bank’s Monetary Policy Committee decided to maintain the Selic rate at this level for the fourth time in a row, since August 2022. Further hikes might come.
The Central Bank is halting increments after 12 hikes in a row—a streak that started amid swelling food, energy, and fuel prices. Future steps may still be adjusted.
According to a bank´s assessment, the external environment has continued to deteriorate and inflationary pressures arising from the pandemic have intensified.
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