Copom maintained the Selic rate at 10.50% per year

Amid market tensions at the last closing, the Copom (Monetary Policy Committee) released the new basic interest rate for the Brazilian economy, in the early evening of Wednesday (19). As expected, the rate remained at 10.50%.

Faced with a possible inflationary scenario in the medium term, the committee interrupted the cycle of rate drops. According to the bank, there is greater dynamism in the Brazilian job market than expected and the heating up of the economy could also lead to inflation.

According to the Focus bulletin, the projection is that price growth in Brazil will be 4.0% and 3.0%, in 2024 and 2025.

In a released note, regarding the external environment, they claim adversity with the uncertainty of monetary policy in the United States and its interest rate. In that country, the rate remains constant and the world’s main economies force inflation to converge to the target.