LatAm Daily | The new BCB board adopts a hawkish tone
Published on Wednesday, June 29, 2016
LatAm Daily | The new BCB board adopts a hawkish tone
Summary
The first report released by the BCB since Ilan Goldfajn replaced Alexandre Tombini as governor of the institution suggested that the monetary institution has no intention of cutting the Selic rate before convergence of inflation to 4.5% in 2017 is assured. This is in line with our view that the Selic rate will remain unchanged during 2H16.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist