04 Dec 2014
Centralbank raises SELIC by 50bps to 11.75%
The Brazilian centralbank(BCB) raised the SELIC rate to 11,75% late wednesday the 3rd of December 2014. BCB has now raised the SELIC rate 175bps(1.75%%points) since the start of the year.
We expect the BCB to continue to raise interest rates until at least the middle of 2015 in order to dampen inflation