LatAm rates round-up: Brazil and Chile hold while Colombia cuts
Central banks maintain cautious stance as disinflation slows across region
Three central banks in Latin America announced monetary policy decisions on July 31.
Brazil: The Central Bank of Brazil (BCB) held its key Selic rate at 10.5% in a unanimous decision, citing a slowdown in domestic inflation and uncertainty in the global economy.
It said economic activity and the labour market in Brazil had continued to exhibit “more strength than expected”. Year-on-year inflation jumped to 4.23% in June, up from 3.95% during the previous month.
The central bank’s latest focus
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