Galípolo says BC will not be 'emotional' and revises 2026 GDP to 1.8%
Journalist graduated from the Federal University of Mato Grosso, with an extension in economic journalism from Fundação Getulio Vargas. She worked at the newspaper O Estado de S. Paulo. She is a reporter for Oeste in São Paulo.
TL;DR
- Central Bank President Gabriel Galípolo stated the institution will not react emotionally to economic slowdowns.
- The Selic rate is currently at 13.75% following a recent cut.
- Economic uncertainty is influenced by the Middle East war and potential El Niño impacts on agriculture.
- The Central Bank has revised its GDP growth projection for the year down to 1.8% from 2.0%.
- The slowdown is attributed to less favorable GDP composition in the second quarter and is expected to continue.