Selic Rate
Smaller-Than-Expected Brazilian Central Bank Rate Hike
July 21, 2010
Policymakers at the Central Bank of Brazil, known as COPOM, lifted their key Selic rate for a third time but by a lesser 50 basis points to 10.75%. Analysts were predicting a move of 75 basis points like those announced on April 28 and June 9. Nonetheless, the cumulative advance of 200 basis points thus […] More
