For BNP Paribas, Copom should take Selic to 1.5% in 2020

The statement from the Central Bank’s Monetary Policy Committee (Copom) indicates less concern about Brazil’s “effective lower limit”. With that, there would be more room to reduce interest rates given the very low inflation projections. This is the assessment of BNP Paribas analysts, who now see the Selic rate falling to 1.5% this year.

Source: Valor Investe