Itaú BBA - How the TLP can impact monetary policy

Macro Vision

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How the TLP can impact monetary policy

octubre 2, 2017

TLP should contribute to substantially boost the Selic rate’s influence on the economy

Please open the attached pdf to read the full report 
 

In this report, we estimate that, when fully implemented, the new long-term interest rate (TLP) will allow a reduction of about 2.2 p.p. in the benchmark Selic interest rate, ceteris paribus. 

TLP should also contribute to substantially boost the Selic rate’s influence on the economy: we estimated that the Selic rate impact on average interest rate can increase by about 50%.

 

Please open the attached pdf to read the full report 



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