Headquarters of the Central Bank in Brasilia | Photo: Marcello Casal Jr / Agência Brasil
The Monetary Policy Committee (Copom) of the Central Bank (BC) begins this Tuesday (3) the fifth meeting of the year to define the base interest rate of the country, the Selic. With inflation high over the past few months, the tendency is for the committee to follow increases that have occurred over the past three meetings. The decision must be announced before the end of Wednesday afternoon (4). The forecast of financial institutions is that the Selic is expected to rise at 5.25% per annum, according to the latest Focus bulletin published by the Central Bank. By the end of the year, it is estimated that the base interest rate will reach 7%.