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High Selic Rate Allowed for "Cushioning" in the Current Uncertain Scenario, Says Galípolo.
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The president of the Central Bank, Gabriel Galípolo, said this Monday (March 30, 2026) that the benchmark interest rate, the Selic, at a high level for a prolonged period allowed for "cushioning" in monetary policy management amidst the uncertainty surrounding the war in the Middle East. He reiterated that the Central Bank's actions are more like those of an "ocean liner" than a jet ski. Galípolo participated in the "J. Safra Macro Day 2026" eve…
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