Brasília – The Monetary Policy Committee (Copom) of the Central Bank (BC) indicated that it can cut back again the Brazilian benchmark interest rate, know as Selic, by 0.5 percentage point in the next meeting in December, as per the last minute of the body made public this Tuesday (5) in Brasília. On the 30th, the Committee reduced Selic from 5.5% to 5% this year.
With inflation projections at “comfortable levels,” Copom suggested a new cut on the interest rate. “Copom discussed the convenience of offering a new perspective on possible scenarios for the monetary policy. It decided to communicate its assessment that the establishment of a mild scenario for the prospective inflation should allow for an additional adjustment of the same magnitude on the degree of monetary stimulus,” the minute reads.
Translated by Guilherme Miranda
