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Today is Tuesday - December/10/2019
Analysts bet on equal reduction of Selic at next meetings


Analysts bet on equal reduction of Selic at next meetings

The Monetary Policy Committee (Copom) of the Central Bank surprised by announcing a cut of 0.75 percentage point (pp) in the Selic, which fell to 13.00%.



Most analysts and also the financial market expected a more aggressive low than the previous meeting, but with a reduction of 0.50 pp. Still, most economists heard by Broadcast, Grupo Estado's real-time news system, did not see an exaggeration in today's decision and now bet on a new cut of 0.75 pp in February.