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 expansion of the balance is the result of operations with public debt securities (up 1.4%), SFN loans (1.1%) and foreign debt loans (1.9%, due to the exchange rate depreciation).
Of these, 85.4 have incurred have credit card debts, on the wane for three months now. The fall in credit card debt is said to stem from the search for cheaper interest.
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.
The Central Bank's Economic Activity Index (IBC-Br) was up 0.33 percent in December 2021. From December 2020, the increase reached 1.30 percent.
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