RIO DE JANEIRO, BRAZIL - Brazil’s Central Bank should raise the SELIC on Wednesday in an attempt to minimize risks of further capital outflows as the U.S. Federal Reserve prepares to start tightening its own policy.
An expected rise in the SELIC rate to 10.75% at the February 2 policy meeting would total 875 basis points of cumulative tightening since March 2021.
Inflation, soaring nearly everywhere in the world, has roughly doubled in Brazil from a little over 5% when the Central Bank began raising rates to around 10% now.
Rather than worry about the negative effect on . . .
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