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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