Brazilian President Luiz Inacio Lula da Silva criticized the country's central bank, led by Roberto Campos Neto, ahead of a rate-setting meeting. The central bank is expected to pause its yearlong cycle of interest rate cuts, facing a credibility crisis. The Copom unanimously decided to keep rates on hold at 10.50%.
Brazil's Copom unanimously keeps rates on hold at 10.50%
Brazil’s central bank is seen pausing a year-long monetary easing cycle today, in a crucial decision for its credibility after a very controversial vote. Here a few of stories to catch you up before today's rate decision: https://t.co/bH2EHoj4es a través de @economics
Brazil’s central bank will likely pause its nearly yearlong cycle of interest rates cuts as policymakers face a full-blown credibility crisis https://t.co/FUSZKrn0kA
🇧🇷🦅 Fiscal pressure & ⬇️ $BRL assets = removal of exp. for further BCB easing in '24. - De-anchoring of inflation exp. also seen. - The Copom is expected to leave rates at 10.50% & provide hawkish rhetoric. - Get briefed via the @MNIMarketNews preview 👇🏻 https://t.co/TVg4Q3nZEu https://t.co/OuvwZTOLog
🔵 BRAZIL'S LULA CRITICIZES CENTRAL BANK AHEAD OF RATE-SETTING MEETING Brazilian President Luiz Inacio Lula da Silva criticized the country's central bank on Tuesday saying its chief, Roberto Campos Neto, works to harm Latin America's largest economy. Full Story via Reuters on… https://t.co/vN2w9nWG71