In the document released on Tuesday, Copom reiterated that its advice envisages a new reduction of 0.50 percentage points in the Selic
Some members of the Central Bank’s Monetary Policy Committee (Copom) assess that a reduction in the pace of core interest rate cuts may be necessary if uncertainties remain high, the minutes of the panel’s latest meeting showed.
“Some members further argued that, if future uncertainty remains high, a slower pace of monetary easing may prove appropriate, for whatever terminal rate is sought to be achieved,” the BC said in the paper.
In the document released on Tuesday, Copom reiterated that its board expects a reduction of 0.50 percentage points of Selic “at the next meeting”.
Last Wednesday, Copom announced the sixth reduction of 0.50 percentage points in the Selic rate, to 10.75% per annum, and shortened its guidance on future cuts citing increased uncertainty, saying that its advice foresees a cut only of the same intensity in the next meeting, in May.
Source: Terra
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