Economists reduce forecast for Selic for the first time in over four months
Economists have reduced their forecast for Brazil's Selic rate for the first time in over four months, signaling potential changes in monetary policy.
Dollar opens lower this Tuesday after the release of the Copom minutes
The dollar opened lower this Tuesday as investors evaluated the minutes from the last Copom meeting, indicating an intention to begin interest rate cuts in March.
Dollar starts the day down with attention to the Copom minutes and industry data
The dollar opened lower at R$ 5.2415, as investors closely monitor the Copom's minutes and December's industrial production data.
Copom sees inflation improvement and expectations closer to the target to cut interest rates in March
The Copom reinforced its plan to begin cutting interest rates in March, citing improvements in inflation and expectations moving closer to the target, according to minutes released by the Central Bank.
Copom Minutes: Central Bank confirms signal of interest rate cut in March, but gives no clues about the size of the cycle
The Central Bank indicated it will signal the start of a rate-cutting cycle in its next meeting in March, but did not reveal details on the potential size of the cuts, based on recent inflation dynamics and monetary policy transmission signals.