Latest news with #GabrielGalípolo
Bloomberg
19-05-2025
- Business
- Bloomberg
Galipolo Vow on Higher-for-Longer Brazilian Rates Boosts Bets on Cycle's End
Central bank President Gabriel Galípolo said Brazil needs interest rates to remain at a very restrictive level for longer, boosting investors' bets that policymakers could stop the current tightening cycle at their next meeting in June. The bank has front-loaded monetary policy and now it's logical to keep it tight for a longer period of time, Galípolo said during an event Monday in São Paulo organized by Goldman Sachs Group Inc.. The governor also said Brazil isn't even close to debating an inflection in monetary policy.
Wall Street Journal
27-01-2025
- Business
- Wall Street Journal
Brazil's Central Bank Expected to Hike
Brazil's central bank is likely to keep raising interest rates and take the Selic benchmark rate to 15% this year, according to the median forecast in the bank's weekly survey of analysts. They see inflation accelerating nonetheless, to end 2025 at 5.5% and remain above the bank's 3% target until 2028. The BCB is expected to hike by a full point this week, taking the Selic to 13.25%. It will be the first meeting led by Gabriel Galípolo, an economist nominated by Brazil's leftist president Lula da Silva. Some analysts worry Galípolo would lower rates before inflation is stabilized at 3%.
