This Wednesday (30), the Monetary Policy Committee (Copom) maintained the basic interest rate (Selic) at 15% per year. Confirmation occurred in the face of a scenario of slowdown in inflation, appreciation of the real and signs of weakening of economic activity. Uncertainties in the international environment also contributed to the Central Bank (BC) to adopt a conservative stance regarding the recent fall in inflationary risks.
Brazilian monetary policy follows at a restrictive level, and its effects are observed in the economy. Recent data, such as a 0.7% drop in May IBC-BR, indicate a growth rate moderation. In the second half of the year, inflation braked and the exchange rate stabilized at $ 5.55 – below the values observed at the end of last year.
However, risk factors remain, such as the rate of 50% of Brazilian products and the variation in commodity prices. The BC does not rule out the possibility of increasing interest rates again, but the Selic rate is expected to be 15% by the end of this year.
