Economy / Brazil
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
Expect More Rate Hikes
May 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
Consumer price inflation continues to present a key concern for monetary policymakers, and we now believe that the central bank will compliment its 50bps interest rate hike in April with an additional hike of a similar magnitude in the monetary policy council's upcoming rate meeting in early June. We have revised up our end-2008 Selic rate forecast to 13.25% this year and expect inflation to remain above the bank's 4.5% year-end target.