Clipping of news on Brazilian Culture, Law and Citizenship
06/03/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The prices of petrol, gas canisters and fixed rate to be flat this year , according to the projection of the Monetary Policy Committee ( Monetary Policy Committee ) CB ( Central Bank) .
Have a forecast increase in residential electricity tariff for the cumulative 2014 is 7.5 % , the same amount considered by Monetary Policy Committee in January. These estimates were released on Thursday ( 6 ) in the minutes of the last Monetary Policy Committee meeting , held on 25 and 26 February.
For the set of prices administered by contracts and monitored in 2014 , the projected increase of 4.5 % , which is considered by the Monetary Policy Committee was held in January . For 2015, the estimate of 4.5 % was also maintained .
The BC makes these projections to assess the trend of inflation in the country , in the Monetary Policy Committee meeting , responsible for setting the benchmark interest rate , the Selic . This rate is used in trading government bonds in Selic ( Special System for Settlement and Custody ) and serves as a benchmark for other interest rates in the economy . When the Monetary Policy Committee increased the Selic , the goal is to contain the heated demand , and this has reflected in the price , because the higher interest rates become more expensive credit and stimulate savings. Already when the Monetary Policy Committee reduced the basic interest rate , the trend is that credit is getting cheaper , encouraging the production and consumption , and the extent alleviates control over inflation .
The BC must find balance when making decisions about the basic interest rate in order to make inflation is within the target set by the National Monetary Council . This target is centered 4.5 % , and a margin of 2 percentage points more or less.
Source : R7
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This article was translated by an automatic translation system, and was therefore not reviewed by people.