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Establishing the Selic rate, makes its decisions according to inflation expectations, the balance of risks and economic activity. Its meetings are held every 45 days. And the BC, through the Copom, sets the Selic rate in order to meet the inflation target. Gabriela Fernandes, economics analyst at Sicoob Engecred, says that the movement in the Selic rate can be understood as a consequence of inflation. “As it [Selic] is an instrument that the Central Bank uses to fight inflation.
As inflation increases, the Selic rate also tends to increase, but they are not the same index. It's a cause-and-effect relationship,” she explains. But why have prices increased? Generally, price increases occur when there is greater demand than supply for a moible number data specific product or service. In line with the fact, the economic analyst considers that “in the current scenario, we can say that one of the reasons behind inflation is the increase in world economic activity.
The resumption after the most severe period of the covid-19 pandemic, which caused demands to accelerate at the same time that the economic structure as a whole is still recovering”. That is, there is a mismatch between supply and demand movements and, thus, high demand with limited supply in the market influences price increases . Another major influence for high inflation is the dollar . Brazil exports commodities, products of agricultural origin or mineral extraction with little industrialization.
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發表於 16:43:20