regional / fiscal-skeptic
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MercoPress · Uruguay · Brazil's Copom cuts Selic to 14.25%, but raises its inflation forecast
Reads the cut against the politics: easing into an election year while the bank itself warns that fiscal stimulus and a likely El Niño could reignite inflation — framing the move as monetary loosening at odds with the fiscal stance.
“Brazil softens its Selic rate, but concerns grow about fiscal stimulus in an election year and the impact of El Niño.”