Flash Note nº 14

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

At the Monetary Policy Committee meeting, held between the 20th and 21st of November, the BNA decided to increase the main interest rates;
The increase in the mandatory reserve coefficient and the elimination of the custody fee are measures consistent with the current situation;
Our estimate points to inflation ending 2024 at close to 24%. In this sense, we also expect interest rates in the economy to rise;
We believe that the fight against inflation will continue for a long period and the objective of single-digit inflation will again not be achieved for at least the next 2 years.

Best regards,
BFA

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