Banco Central do Brasil Monetary Policy Committee (Copom) decision
- 25bp SELIC rate hike
- as expected
- BCB says the pace of future adjustments and overall adjustment magnitude will be guided by its commitment to reach the inflation rate target
- says the balance of risk for inflation is titled to the upside
more to come
This article was written by Eamonn Sheridan at www.forexlive.com. Source