For him, in a “relatively conservative” scenario, the Selic should fall to 11% at the end of next year. And, in an environment that indicates a change in the conduct of fiscal policy, the monetary authority could lower the interest rate to even lower levels, between 8.5% and 9%. And, for him, the adoption of a tougher stance by British Columbia this week supports the vision of lower inflation in the future. “If he seemed worried, we can start to feel more comfortable that inflation will be brought under control,” Serra said while attending an Itaú Asset event yesterday.
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