The Copom will complete 12 consecutive hikes this Wednesday (3), if the Selic high forecast is confirmed. The market’s expectation is that the base rate will be raised by 50 basis points, reaching 13.75%.
According to experts, the question that remains is about the Central Bank’s signal about the next meetings, whether the cycle of monetary tightening will end in August or whether it will continue to raise interest rates to control inflation.
In the US, members of the Federal Reserve (Fed, the American central bank) signaled that the entity may be tougher on the country’s monetary policy, reinforcing bets on an increase in interest rates by 75 basis points at the next meeting, contrary to the cooling expected by the President Jerome Powell.
Finally, the imbroglio involving Taiwan intensified the trade war between China and the US, which are looking for a leading role in the midst of the post-pandemic economic recovery.
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*Posted by Fabricio Julião, from CNN Brasil Business
Source: CNN Brasil
