BC accelerates pace and increases interest rates by 0.5 points with unanimous decision; Selic goes at 11.25% per year

The result comes in the context of market expectations regarding a package of spending cuts, not yet announced by the government

BRASILIA-IL Monetary Policy Committee (Copom) THE Central Bank This Wednesday the 6th the base interest rate increased (Selic) In 0.5 percentage pointsfrom 10.75% to 11.25% per year.

The unanimous decision confirms the expectation of an acceleration in the pace of monetary tightening compared to the last meeting in September, when the bullish cycle began. On that occasion, the first-rate increase in the third term of President Luiz Inácio Lula da Silva, the council raised the Selic by 0.25 points.