Brazil's central bank with new chief leaves rates unchanged; policy is determined “with caution and serenity”

Friday, March 22nd 2019 - 09:40 UTC

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Brazil's interest rates remained unchanged on Wednesday after the central bank held its first monetary policy meeting under its new chief Roberto Campos Neto. The central bank's unanimous decision -- only the second since pro-business President Jair Bolsonaro took power in January on a promise to revive Latin America's biggest economy -- to keep rates at 6.5% was in line with market expectations. Read full article

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REF: ”Recent data on economic activity came in below expectations,” policymakers said in their statement.

The SOLID Economic Indicators are:
- Steady [or steadily increasing] Nº of weddings/Year
- Steady [or steadily increasing] Nº of apartments sold/Y

Anything other than these 2 [stock exchange, US$ Rate, etc] are illusive/illusionary!
Mar 22nd, 2019 - 01:01 pm - Link - Report abuse 0
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