Hawkish Copom Signals Aggressive Rate Hikes, Selic Projected to Reach 15%

Brazil’s central bank, Banco Central do Brasil (BCB), has taken a surprisingly hawkish stance in its latest monetary policy meeting. The Monetary Policy Committee (Copom) signaled its intention to implement at least two more interest rate hikes of 100 basis points each. This aggressive approach has caught economists off guard and reshaped market expectations for […]