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