Copom accelerates pace of Selic rate hike

The online vehicle reported with several analysts on the decision by the Central Bank's Monetary Policy Committee (Copom) to increase the basic interest rate by 0.5 percentage points on November 6, 2024. This brings the Selic rate to 11.25% per year.

One of the analysts interviewed by BPMoney was Márcio Saito, CFO of EntrePay. He and other experts considered that fixed-income products tend to gain and become more attractive with the increase in the Selic rate.

"The investment in Brazilian fixed income also becomes more attractive to foreigners," Saito explained, "which, in the end, could increase the inflow of funds into the country and increase the value of the real against the dollar."

However, the executive pointed out that this movement also has implications for the domestic market: "A higher Selic rate makes credit more expensive for companies and consumers, directly impacting consumption and investments by local companies."

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