Brazil Central Bank Monetary Policy Meeting: Brazil Central Bank Or Interest Rate Cut Again

According to Brazil media reports, the Brazil monetary policy committee of the central bank will convene a meeting on the 19 day, the outside world forecast this time. Meeting It is likely that the benchmark interest rate will be determined again. Down regulation 0.5 percentage points.

For fear that the global economic environment will continue to slump, which will slow Brazil's economic growth, the Central Bank of Brazil has announced interest rate cuts at the end of August after the five consecutive rate hike. The benchmark interest rate has been cut from 12.5% to 12%, making the monetary tightening policy since the beginning of this year come to an end.

For many economists, the central bank's decision to cut interest rates will push up. inflation Level.

The Central Bank of Brazil conducts weekly forecasted research in the domestic financial and economic circles, issuing regular findings. The results released on the 17 day show that Brazil's inflation rate is expected to be 5.61% next year, which is much higher than the 4.7% valuation of the central bank itself. Brazil's inflation control target for next year is 4.5%, with an acceptable ceiling of 6.5%.