Economy
Copom minutes signal economic slowdown without curbing inflation
The Central Bank indicates that the Selic rate will remain restrictive for longer to combat inflation driven by supply shocks and unanchored expectations.
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The essentials of this story
- What happened
- The Central Bank signaled that the Selic rate will remain at a restrictive level for longer due to persistent inflation.
- Who is affected
- Economic agents, the financial market, and consumers who depend on credit and are affected by the cost of living in the country.
- What changes
- The prolonged maintenance of restrictive interest rates and the monitoring of supply shocks and inflation expectations.
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Sources
- Ata do Copom indica que desaceleração da economia não conteve inflação — Agência Brasil — economia