Roberto Campos Neto is expected to maintain the interest rate at 13,75% at this week's Copom meeting, according to bank expectations.
According to what is known as the "market," the benchmark interest rate would end the year at 12,5%.
247 - Interest rates in Brazil are expected to remain very high, among the highest in the world, after the next meeting of the Monetary Policy Committee, which begins this Tuesday, the 21st. At least, that is the expectation of the so-called "market" regarding the decisions of Roberto Campos Neto, president of the Central Bank, and his team.
"Although the economic scenario has undergone significant changes since the Central Bank's Monetary Policy Committee (Copom) decision in February, market economists' projections suggest that everything remains the same," he points out. reporter from Valor Econômico.
"For this week's meeting, there is almost unanimous expectation that the Selic rate will remain unchanged at the current 13,75% per year, for the fifth time – only one firm, the Siegen consultancy, expects a cut of 0,25 percentage points. Regarding the level of the basic interest rate at the end of the year, the midpoint of the estimates from the 112 firms surveyed by Valor points to a Selic rate of 12,5% in December, the same result obtained in the survey conducted before the February meeting," add journalists Victor Rezende and Gabriel Roca.