Brazilian interest rates on hold until after elections

Policymakers at the Brazilian central bank (BCB) left interest rates unchanged at 11.0% last night and we do not foresee any rate hikes until after October’s presidential election. But with high inflation still creating headaches for policymakers, we have pencilled in another 100bp of hikes to 12.0% once the election is out of the way.

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.