LatAm Daily | The tone of monetary policy becomes less restrictive in Brazil and Chile

Summary

In Brazil, as expected, the Copom decided to leave the Selic at 14.25%. The easing of monetary policy is already being discussed for when inflation eases further. In Chile, the minutes of April’s monetary meeting revealed that the CB considered a 25bp increase and a pause at 3.5%, prevailing the later. In both countries, we expect rates to remain stable in the next months.

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