Financial Market Expects a SELIC Reduction to 5.5 Percent per Year

The SELIC will be reduced again by 0.5 percentage points for the financial market in October and will remain at five percent per year in the last meeting of the year scheduled for December.

RIO DE JANEIRO, BRAZIL - The financial market expects the SELIC (basic interest rate) to be reduced by 0.5 percentage points, from the current annual six percent to 5.5 percent, at the Central Bank (Central Bank) Monetary Policy Committee (COPOM) meeting scheduled for Tuesday and Wednesday, September 17th and 18th, in Brasília. This expectation is included in the weekly survey of the Central Bank to financial institutions in the Focus Bulletin.

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