Latam Daily | COPOM in Brazil adjusts the Selic rate by 50bp

Summary

The decision was unanimous, and based on the statement the monetary authority has not ruled out another tightening in July. In Chile, the CB’s MP report was in line with a stable policy rate for the rest of the year. The CB lowered its GDP growth forecast for 2015. Today we expect Banxico’s monetary policy decision where we do not expect any changes in the MPR.

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