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Published on Thursday, June 11, 2015

Brazil | COPOM leaves all options on the table

The COPOM refrained from using the minutes of last week’s monetary policy meeting to commit to a specific strategy ahead. Although some signaling could be provided in the inflation report at the end of June, both maintaining the Selic at 13.75% -in our view the most likely scenario- and adjusting it up again remain as possible outcomes of the next monetary policy meeting.

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