The Monetary Policy Committee (Copom) confirmed the expectations of most of the market and resumed monetary tightening. With an increase of 0.25 percentage points (pp), the Selic rose from 10.50% to 10.75% per year.
In addition to the decision, the market is focusing on the statement of the directors.
This time, they highlighted that there was a reassessment of the gap towards the positive side. “The set of indicators of economic activity and the labor market has shown greater dynamism than expected,” they say.
Communication has also changed in relation to inflation. Unlike the previous statement, the directors stated that the IPCA full as well as measures of underlying inflation were above target in the most recent releases.
In the last two meetings, in June and July, Copom maintained interest rates at 10.50% per year.
O Money Times compared the statement from this meeting with the changes noted in relation to the document from the previous meeting.