By Richard Mann, Contributing Reporter
RIO DE JANEIRO, BRAZIL - The Monetary Policy Committee (Copom) of the Central Bank (Banco Central) will hold its third meeting in 2019 today (7th) to set the basic interest rate, (the Selic), currently at 6.5 percent per year. On Wednesday (8th), after the second half of the meeting, the rate will be announced.
Financial institutions consulted by the Central Bank forecast that the Selic should remain at the current level this year.
Copom meets every 45 days. On the first day of the meeting, technical presentations are made on the evolution and perspectives of . . .