Brazil: 50bp hike does not mark start of aggressive tightening

The Central Bank of Brazil stepped up the pace of policy tightening last night but the accompanying statement gave a strong signal that future interest rate hikes are likely to be gradual. This supports our view that rates may not rise as far as is currently priced into the market.


Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.