HALISTER1: BCB Signaling It’s Still Aiming at 8.5% Selic Year End: Gradual

BCB Signaling It’s Still Aiming at 8.5% Selic Year End: Gradual

(Bloomberg) -- (Translated by Google and reviewed by Bloomberg editors.)
  • Andre Perfeito, chief economist at Gradual, comments on statement by Ilan Goldfajn, BCB president, in a meeting with the IMF. Read below other excerpts from the economist’s comment:
  • BCB is still signaling that it is 8.5% by the end of the year. How much it cuts now does not make a difference. BCB is behind the curve correctly, those in the front are taking a risk
  • Central Bank wants to warn the market for the risks that still exist that would lead to keeping pace of 100 points
  • It seems that the market has been pricing too much for a better domestic scenario, with stronger decelerating inflation and the approval of the Social Security reform, but completely ignoring the external risks
  • BCB may even anticipate the cycle a bit, but more important is the total cut
  • NOTE: BCB Considering ‘Moderate Intensification’ of Easing: Goldfajn

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Ilan Goldfajn (Banco Central do Brasil)

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