Lara Resende advocates Selic hike to 7.5% over 12 months

Economist André Lara Resende proposes the Brazilian Central Bank raise the Selic rate to 7.5% over a 12-month period, suggesting a more hawkish stance than current policy. The proposal is an opinion piece, not official policy, but signals potential debate within economic circles about inflation control. If adopted, it would tighten monetary conditions, likely strengthening the BRL and pressuring Brazilian fixed income.

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