Selic parked at 13.75% and future interest rates put pressure on real estate credit
Maintaining the basic rate through the COPOM does not alleviate the costs of real estate credit, pressured by future interest rates and fiscal uncertainty.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
The Selic rate was maintained at 13.75% per year on Wednesday by Copom, interrupting the cycle of cuts in the basic interest rate, as InfoMoney pointed out. The Central Bank highlighted in the statement the acceleration of inflation and core inflation, in addition to describing the external environment as more adverse.
According to InfoMoney, the monetary authority also pointed to a more pronounced moderation in economic activity and an initial slowdown in the job market. Despite the stability of the Selic, the scenario should not bring immediate relief to those seeking credit.
Large institutions such as Bradesco, Itaú and Santander promoted recent increases in real estate financing, motivated by the spike in future interest rates on the DI curve after the election, the vehicle reported. Therefore, maintaining the base rate should not change the financing scenario in the short term.
The markets' reaction depends on the tone of the BC statement and clearer signals regarding the new government's fiscal policy, which dictate the pace of the interest rate curve, according to a survey by InfoMoney.
What changes for the investor
Investors paying attention to fixed income and the interest curve should monitor the behavior of DIs and the government's fiscal guidelines. The reaction of the stock exchange and exchange rate in the next trading sessions will be directly linked to the Central Bank's signals regarding inflation control and the direction of economic policy.
Automatically translated from Portuguese.
