{"id":216458,"date":"2019-06-25T11:43:24","date_gmt":"2019-06-25T14:43:24","guid":{"rendered":"https:\/\/anba.com.br\/?p=216458"},"modified":"2019-06-30T12:35:11","modified_gmt":"2019-06-30T15:35:11","slug":"central-bank-of-brazil-sees-near-flat-gdp","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/central-bank-of-brazil-sees-near-flat-gdp\/","title":{"rendered":"Central Bank of Brazil sees near-flat GDP"},"content":{"rendered":"<p>Bras\u00edlia &#8211; The Central Bank of Brazil (BC)\u2019s Monetary Policy Committee (COPOM)\u2019s projects that Brazil\u2019s Gross Domestic Product (GDP) should remain near-flat in Q2 this year. The information was available in the minutes of the latest meeting of the committee, which decided to keep the benchmark interest rate, known as SELIC, at 6.5% per annum for the tenth time in a row.<\/p>\n<p>As per the COPOM\u2019s minute, BC board concluded that \u201cBrazilian economic recovery has stopped over the last quarters.\u201d In Q1 this year, GDP was down 0.2%.<\/p>\n<p>\u201cThis interruption is clear when we adopt a little bit longer perspective, which suggests it has occurred a change of the economic dynamic since Q2 2018. Under this perspective, the economic recovery, which was gradually happening until then, lost its momentum. After a small fallback in Q1 2019 due to this loss of momentum and some specific impacts, GDP is expected to show a near-flat performance in Q2,\u201d COPOM\u2019S minutes read.<\/p>\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-192401\">Valter Campanato\/Ag\u00eancia Brasil<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Minutes of its Monetary Policy Committee (COPOM)\u2019s latest meeting show estimates for the Brazilian economy in Q2.<\/p>\n","protected":false},"author":2315,"featured_media":192401,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[7831,7898,9277,9278,553,9279,29058],"class_list":{"0":"post-216458","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-brazils-gdp","9":"tag-central-bank-of-brazil","10":"tag-copoms-minutes","11":"tag-economic-projection","12":"tag-gdp","13":"tag-gdp-projection","14":"tag-pib-do-brasil-en"},"wps_subtitle":"Minutes of its Monetary Policy Committee (COPOM)\u2019s latest meeting show estimates for the Brazilian economy in Q2.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/216458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=216458"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/216458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/192401"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=216458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=216458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=216458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}