The head of the Central Bank (BC), Gabriele Galipolo, once again ruled out on Monday (1/12) the existence of any new fact that would change the perspective of maintaining the country’s base rate, the Selic, at the current level of 15% per annum. “There is no kind of addition or amendment regarding my last speech on Thursday (27/11),” Galipolo said.
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“It’s important that B.C. doesn’t get emotional,” Gallipolo says of the criticism.
This statement came at a ceremony held in Sao Paulo. Last week, British Columbia’s president said monetary policy should remain tight “as long as necessary” to control inflation. He estimated that Brazil’s interest rate is higher than other countries with a similar economy because of a “structural issue.”
The market is closely following BC’s movements regarding Selic. This Monday, a Fox bulletin brought more relief to Brazil’s inflation estimates. For 2025, the forecast has increased from 4.45% to 4.43%, while the forecast for 2026 has been revised from 4.18% to 4.17%.