Central Bank expected to raise interest by 75 bp

The Central Bank should act as expected and raise the benchmark interest rate Selic by 75 basis points in the Monetary Policy Committee (Copom) meeting next week, in line with the official communication after the March meeting. This is the opinion of almost all market economists, according to a survey conducted by Valor with 98 financial and consulting firms. Of this total, 96 project that the Selic will leave the current 2.75% and reach 3.50% next week, while only two firms estimate a higher increase in the basic interest rate, of 100 basis points, to 3.75%.

Source: Valor international