Central Bank raised interest to 13.25% per year in January and signaled a new percentage point increase in March
Finance Minister Fernando Haddad said on Wednesday (5.FEV.2025) that the effects of the discharge of the Selic rate on inflation should be perceived “faster” than expected.
“The shock of interest was very strong, so the answer [sobre a inflação] will come faster, and I think we can have faster accommodation [dos preços]”said in an interview with GloboNews, Shown at 11:30 pm (Brasília time).
The (Central Bank) decided in January in 1 percentage point. The basic interest rate went from 12.25% to 13.25% per year. The decision was unanimously.
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The Copom Minutes (Monetary Policy Committee), released on Tuesday (4.FEV), indicates that the Central Bank in June.
By 2025, the goal is 3%, with tolerance margin of up to 4.5%. If it is above the band’s limit for more than 6 months in a row, there is non -compliance with the goal.
According to Haddad, the effect of the highest Selic will cause, by mid -year, BC projections already point to an inflation convergence within the goal.
