LatAm Daily | Stable rates at the last monetary meeting before changes in the BCB board

The Selic rate and the communiqué were left unchanged at the last meeting under the command of Alexandre Tombini, who will soon be replaced by Ilan Goldfajn. Also in Brazil, inflation surprised to the upside, further reducing the likelihood of monetary easing in the short-term. In contrast, in Chile May’s inflation surprised to the downside.

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