Central Bank of Brazil minutes

Rate setters in Brazil were unanimous in their decision to raise the Selic target to 12.25%, the minutes of the 3 and 4 June monetary policy committee meeting show.

The monetary policy committee noted that inflationary pressures are intensifying both in mature and emerging economies.

It further stressed that possible deceleration in mature economies could increase risk aversion causing demand for Brazilian assets to fall and leading their prices to fall.

To read the minutes, click here.

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