Banco Central de Brasil reduce tasa política monetaria -50pb a mínimo histórico de 8.50%

Genevieve Signoret & Patrick Signoret

El Banco Central de Brasil redujo su tasa de política monetaria en 50 puntos base a un mínimo histórico de 8.50% (comunicado). Joe Leahy en el blog beyondbrics de Financial Times reporta que algunos analistas predicen que el banco central recortará todavía más.

Joe Leahy, en beyondbrics, cita a David Beker de Meryll Lynch:

The question now is how much further can rates fall from here? The answer is another 75 basis points, according to Bank of America Merrill Lynch. The bank’s Brazil economist, David Beker, had this to say in a report released earlier this month:

Following the changes in savings accounts, we revised our Selic terminal rate to 7.75 per cent from 9 per cent. We expect the central bank to deliver two consecutive cuts of 50bp in May and July, and one last cut of 25bp in August.

Del comunicado completo:

O Copom considera que, neste momento, permanecem limitados os riscos para a trajetória da inflação. O Comitê nota ainda que, até agora, dada a fragilidade da economia global, a contribuição do setor externo tem sido desinflacionária.

Diante disso, dando seguimento ao processo de ajuste das condições monetárias, o Copom decidiu reduzir a taxa Selic para 8,50% a.a., sem viés.

Traducción Google (editada por nosotros):

The Monetary Policy Committee considers that, at present, there remain limited risks to the inflation trajectory. The Committee further notes that, until now, given the fragility of the global economy, the external sector has had a disinflationary impact.

Thus, in response to the process of adjusting monetary conditions, the Committee decided to reduce the Selic rate to 8.50% basis points, without bias.

El Comité de Política Monetaria considera que, actualmente, siguen siendo limitados los riesgos para la trayectoria de la inflación. El Comité observa además que, hasta ahora, dada la fragilidad de la economía mundial, el sector externo ha tenido un impacto desinflacionario.

Así, en respuesta al proceso de ajustar las condiciones monetarias, el Comité decidió reducir la tasa Selic a 8,50% anual, sin sesgo.