{"id":54634,"date":"2016-07-18T13:05:00","date_gmt":"2016-07-18T15:05:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/banks-see-13-25-interest-this-year\/"},"modified":"2019-06-30T12:52:10","modified_gmt":"2019-06-30T15:52:10","slug":"banks-see-13-25-interest-this-year","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/banks-see-13-25-interest-this-year\/","title":{"rendered":"Banks see 13.25% interest this year"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; Financial institutions polled by the Brazilian Central Bank expect the benchmark interest rate (known as the Selic rate) to be kept at 14.25% per annum at this week&rsquo;s two-day Monetary Policy Committee (Copom) meeting, on Tuesday (19) and Wednesday (20). But the Selic rate is seen dropping to 13.25% before the end of this year. In 2017, additional cuts are expected, with the rate seen as ending the year at 11% per annum. <\/p>\n<p>The estimates are from the Focus Bulletin issued this Monday (18) by the Central Bank. Poll respondents&rsquo; Gross Domestic Product (GDP) contraction forecast for this year changed from 3.30% to 3.25%. Next year, the GDP growth estimate moved from 1% to 1.1%. The US dollar price forecast changed from BRL 3.40 to BRL 3.39 at the end of 2016 and from BRL 3.55 to BRL 3.50 at the end of 2017.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial institutions polled by the Brazilian Central Bank believe policymakers will keep the interest rate at 14.25% at this week\u2019s meeting, but slash the benchmark rate to 13.25% before the year ends.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","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":[],"class_list":{"0":"post-54634","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Financial institutions polled by the Brazilian Central Bank believe policymakers will keep the interest rate at 14.25% at this week\u2019s meeting, but slash the benchmark rate to 13.25% before the year ends.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/54634","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=54634"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/54634\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=54634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=54634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=54634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}