Copom increases interest rates to 14.25% per year; Level has been the highest since 2016

On the scenario of Brazil, the evaluation of the COPOM is that the “indicators of economic activity and the labor market have presented dynamism, although signs suggested an incipient moderation in growth“. But that inflation is above the goal – of 3% this year (with tolerance to reach up to 4.5%); and that,“confirming the expected scenario“, The committee indicates that it will still raise interest at the next meeting, but with a high smaller than Wednesday (19).