Topics
Interest rates, inflation, and FX
How the Selic rate, inflation, and exchange rate interact in Brazilian monetary policy.
The interest-rate channel
Copom changes the Selic target to influence credit, demand, and expectations. The effective Selic and CDI show how that decision reaches markets.
Inflation and exchange rates
Monthly and 12-month IPCA show price dynamics. Exchange rates can affect imports, fuel, and input costs, although the pass-through changes over time.
Equity market
The Ibovespa summarizes a theoretical portfolio of the most traded stocks. Comparing it with rates, inflation, or FX helps explore co-movements without assuming causality.