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Brazil's central bank to tackle uncertainty

Brazil's central bank to leave rates stable

Brazil's central bank, in its attempts to tackle the expectations for high inflation and political uncertainty, will likely leave rates stable.

Forty-two out of forty-three analysts estimate that the central bank will keep the Selic rate, for the eighth consecutive time, at 14.25%.

Brazil's CB new governor to manage inflation

Ilan Goldfajn, new central bank governor, in tackling inflation expectations, vowed to keep the rates close to 10-year highs.

According to Brasil Plural's, Sao Paulo-based broker, statement, the monetary flexibility is facing barriers, such as complex political environment, high inflation, and uncertainty on economic reforms.

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Wednesday, 20 Jul, 2016 / 7:41

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/brazil-s-central-bank-to-tackle-uncertainty

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