Copom raises the Selic rate to 11.75 percent

Assessing the macroeconomic outlook and the prospective scenario for inflation, the Copom unanimously decided to raise the Selic interest rate to 11.75 percent p.a., without bias.

The Committee judges that the decision to immediately materialize relevant part of the basic interest rate move will contribute to a prompt retraction in the risk to inflation and, as a consequence, to reduce the magnitude of the total adjustment to be implemented.

Source: Central Bank of Brazil

Banco Central do Brasil