Prudence To Prevail

BMI View: Our view that Brazil's monetary policy makers would turn to macro-prudential measures rather than aggressive interest rate hikes to control inflation is firmly playing out, following the release of dovish minutes from the March Copom meeting. With more credit-cooling measures in the pipeline, we expect just 50 basis points of additional hikes, taking the Selic rate to 12.25% by year end.

To read the full article, please choose one of the following options: