Financial market awaits interest rate maintenance

Financial market awaits interest rate maintenance

Copom will meet on Tuesday and Wednesday to decide how much the Selic rate currently stands at 6.5% per year

Copom meeting takes place this TuesdayGetty ImagesThe Copom (Monetary Policy Committee) of the BC (Central Bank) meets on Tuesday (18) and Wednesday (19), at the headquarters of the agency, in Brasilia, to define the basic interest rate, the Selic .The financial institutions consulted by BC expect Selic to remain at 6.5%.The information can be found in the Focus bulletin, published weekly with projections by institutions for key economic indicators.At its last three meetings, Copom opted to maintain the rate at this rate after promoting a cycle of cuts that led to the lowest level in history.For the financial market, there should be no change in Selic until the end of this year.By 2019, the rate is expected to rise and end the period at 8% per year.For 2020 and 2021, the estimate is 8.13% and 8% respectively.The Selic is BC's main instrument to keep official inflation under control, as measured by the IPCA (Extended National Consumer Price Index), calculated by the IBGE (B...


>>> Veja o artigo completo (Fonte)