Jul 25, 2011
| Last Updated
Brazil: Minutes to Reveal Dovish Central Bank
Figure 1: Brazil Monetary Policy and Inflation (%, y/y)
Source: IBGE, BCB and RGE
Brazil’s central bank (BCB) delivered another 25 bp hike at its July 20 meeting—as widely expected by the market and RGE. However, the press release accompanying the decision, has drawn the attention of the markets as the BCB appears to have notably changed its discourse.[...]
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