in

https://riotimesonline.com/brazil-news/rio-politics/brazils-central-bank-should-step-up-interest-rate-hikes-to-prevent-chasing-inflation-later-bnp-paribas-economist/

RIO DE JANEIRO, BRAZIL – According to Arruda, in the September 21 meeting, the Central Bank should raise the basic interest rate by 1.5 percentage points, taking the SELIC from 5.25% to 6.75% per year, something entirely ruled out by Campos Neto’s last statement.

The economist says there is a combination of forces that prevents inflation from converging to lower levels.

“Inflation is de-anchoring and, when this happens, more . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Reference