This Monday (3), the Brazilian Central Bank released the financial market’s new growth estimate for the country’s GDP, 2.19% for 2023. Last week’s projection was at 2.18%.
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Selic was cut back by 0.5 percentage point, reaching its lowest level ever.
Monetary Policy Committee minute says that indicators available suggest a significant chance that the Gross Domestic Product (GDP) have undergone a slight year-on-year reduction in the first quarter.’
Brazil’s benchmark rate has been kept at 6.5% per annum for the third straight time, in a decision made this Wednesday by the Monetary Policy Committee.
The North American currency had an appreciation of 0.61% over the real this Thursday. It was the currency’s fifth consecutive appreciation.
