The Brazilian Central Bank is expected to install the interest rate at the highest level since 2017, to ensure that the inflation rate continues to decline after a cash tightening cycle.
Today, Wednesday, four days before the key presidential elections, 44 experts expressed a desire to keep the interest rate at 13. 75% in their opinions published by Bloomberg News.
The economists said: “The central bank is expected to keep the interest rate during its meeting in October, in light of the continued drop in prices, but there is ambiguity on the course of future policy. ”
They continued, “If the inflation rate drops, we expect the bank to start restoring the monetary policy for its nature around the end of the first quarter of 2023.
The greatest level of expectations for the Brazilian Central Bank interest rate since 2017
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