4/20/2011 - 158th Meeting

Brasília - Following the process of adjustment of monetary conditions, the Copom decided to increase the Selic target to 12.00 percent, without bias, with five votes for the monetary policy action and two votes in favor of increasing the Selic rate by 50 basis points. Taking into account the balance of risks for inflation, the still uncertain rhythm of moderation of domestic activity, as well as the complexity that involves the international environment at the moment, the Committee understands that, at the present, the implementation of adjustments in monetary conditions for a sufficiently long period is the most adequate strategy to guarantee the convergence of inflation to the target in 2012.

The April Copom Minutes will be released in Portuguese next Thursday, April 28.