RIO DE JANEIRO, BRAZIL - The Central Bank Monetary Policy Committee (COPOM) has held the SELIC rate at 2% a year for four meetings so far. But should it depend on the expectations of a significant part of the financial market, the situation is likely to change in the first half of this year, with the beginning of a process of interest rate hikes to contain inflation.
The SELIC interest rate is the monetary policy interest rate, i.e, the key tool used by the Central Bank of Brazil in the implementation of monetary policy.
The first indication was given with . . .
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